Vale S.A. SEC Filings

Vale S.A. provides an updated investor presentation outlining its long-term strategy, operating targets, capital allocation and ESG progress. The company highlights its position in iron ore, nickel and copper, targeting iron ore production of about 335–345 Mt in 2026 and roughly 360 Mt in 2030, while planning to double copper output to around 700 kt per year after 2030 and lift nickel production to 210–250 kt by 2030. Vale aims to reduce iron ore C1 cash costs toward US$ 20.0–21.5 per ton in 2026 and keep total capital expenditure below US$ 6 billion annually while shifting growth spending toward copper. The presentation also details dam decharacterization advances, large reparation cash outlays for the Mariana and Brumadinho events, a net debt/EBITDA ratio below 1x supporting self-funded growth, and strong climate and nature commitments, including most of the targeted Scope 1, 2 and 3 emission reductions already achieved or on track.

Vale S.A. reports that Capital World Investors has increased its ownership in the company to 227,690,911 common shares, representing 5.02% of Vale’s total issued shares. This reflects a rise from 209,240,060 common shares, or 4.61%, previously managed by Capital World Investors.

The notice explains that these are minority investments and do not change Vale’s control or management structure. Other divisions of Capital Research and Management Company also manage stakes in Vale, including 55.505.015 and 19.059.718 common shares through Capital Research Global Investors and Capital International Investors. The correspondence states there are no related derivative instruments or voting agreements involving Vale’s shares.

Vale S.A. reported that Capital World Investors increased its stake in the company. Capital World Investors now holds 227,690,911 common shares, representing 5.02% of Vale’s total issued shares, up from 209,240,060 shares, or 4.61%.

The filing also notes that other Capital Research and Management Company divisions manage additional stakes: Capital Research Global Investors holds 55,505,015 common shares (1.22%) and Capital International Investors holds 19,059,718 common shares (0.42%). These are described as minority investments that do not change Vale’s control or management structure.

The notice states that there is currently no targeted number of Vale shares envisioned by Capital World Investors and that neither it nor related parties hold other securities, derivatives, or voting agreements tied to Vale’s shares.

Vale S.A. filed a Form 6-K to inform investors about the schedule for its 4Q25 results. The company will release its 4Q25 production and sales report on January 27, 2026, after the market close. The 4Q25 financial performance report will follow on February 12, 2026, also after the market close.

Vale will host a conference call and webcast on February 13, 2026 at 11:00/10:00/14:00 (Brasília/New York/London time). The webcast will be broadcast live in English with simultaneous translation into Portuguese, and connection details will be provided closer to the date on Vale’s investor website.

Vale S.A. filed a report as a foreign private issuer describing holdings of its own shares and American Depositary Shares (ADSs) by the company and affiliated entities as of December 31, 2025, with no repurchase movements on that date.

Vale S.A. itself held 96,075,657 VALE3 shares, representing 2.12% of that share class and total capital, and 5,237,459 VALE ADSs, representing 0.12%. Subsidiary Vale Holdings B.V. held 165,379,611 VALE ADSs, equal to 3.64%, and 3,534,700 VALE3 shares, or 0.08%. Other affiliate MBR S.A. reported no VALE ADS holdings.

Vale S.A. is registering 7,569,827 shares of its common stock, par value US$0.000 per share, for issuance under its Share-Based Compensation Plan. These shares are intended to be offered and sold to eligible participants as part of equity-based compensation.

The company incorporates by reference its Form 20-F for the year ended December 31, 2024 and subsequent Exchange Act reports, so those future filings will update the information related to this registration. Vale describes its indemnification framework for directors and officers under Brazilian law, individual indemnification agreements and related insurance coverage, while acknowledging SEC guidance that certain indemnification for Securities Act liabilities may be unenforceable.

Vale S.A. has filed a Form 6-K presenting its updated Vale Group Business and Entity Management Policy, which sets detailed governance rules for all companies and entities it controls or significantly influences. The policy defines nine types of structures, ranging from wholly owned operating subsidiaries and joint ventures to minority investments and non-profit entities, and assigns specific mandatory and desired governance attributes for each.

The framework formalizes roles such as Accountable Executive and Asset Manager, links business plans and reporting to Vale’s strategic planning, and clarifies when Vale’s Board of Directors versus the Executive Committee must approve transactions and appointments. It also sets quantitative thresholds for voting guidance and capital decisions, such as US$ 100 million and US$ 400 million limits, and requires annual reports on the portfolio of companies and entities, aiming to maintain a lean, strategy-aligned corporate structure.

Vale S.A. has formalized and disclosed an updated corporate Risk Management Policy through its Executive Vice-Presidency of Finance and Investor Relations. The policy sets out a structured risk process with four stages: identification, analysis and treatment, monitoring, and communication, all guided by the core value that "Life Comes First" and aligned with standards such as ISO 31000, ISO 55000, COSO-ERM and RBPS for process safety.

The policy applies to Vale and its subsidiaries worldwide, covering all employees, key management personnel and third parties. It defines key concepts like Risk Appetite, Integrated Risk Map, Risk Matrix and the Lines of Defense, and assigns detailed responsibilities to the Board of Directors, Audit and Risks Committee, Executive Committee, risk committees, internal audit and corporate functions. The document also provides for periodic review at least every five years, disclosure through official repositories, and consequence management via Vale’s Whistleblower Channel and Misconduct Management Policy.