Welcome to our dedicated page for Vale S.A. SEC filings (Ticker: VALE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vale S.A. filings document the disclosure record of a foreign private issuer whose American depositary receipts trade under VALE. Its Form 6-K reports cover interim financial statements, operating and financial results, material-event disclosures, capital-structure matters, governance updates, and communications also made under Brazilian market rules.
The filing record includes annual and extraordinary meeting materials, shareholder voting maps, minutes, ADR voting mechanics, and current reports on capital-allocation and strategic matters. Vale's Form 20-F framework and related disclosures address risk factors for mining operations, metals prices, capital markets, competition, and the jurisdictions where the company operates, including Brazil and Canada.
Vale S.A. updated its 2026 operating estimates, raising expected C1 cash costs for iron ore to 22.5–23.5 US$/t from 20.0–21.5 US$/t and all-in iron ore costs to 58–62 US$/t from 52–56 US$/t. Guidance for all-in copper costs was reduced to 0–500 US$/t from 1,000–1,500 US$/t, while all-in nickel costs were lowered to 10,000–11,500 US$/t from 12,000–13,500 US$/t.
Estimated 2026 production volumes were modestly increased, with copper now guided to 360–380 kt versus 350–380 kt and nickel to 185–200 kt versus 175–200 kt. These estimates assume an average USD/BRL exchange rate of 5.13, Brent crude at US$86/bbl, and specified metals prices, and are characterized as forward-looking statements subject to market, macroeconomic, and operational risks.
Vale S.A. addresses news reports about charges of mining royalties (CFEM – Financial Compensation for Mineral Exploration) by the Brazilian National Mining Agency. The company states that it regularly pays CFEM in accordance with applicable regulations and the constitutional limits in force.
Vale says it believes these royalty charges are unfounded and will present its position before the competent authorities. It directs investors to further information in item 4.7.I.iii of its 2026 Reference Form and note 27.b to its 2025 consolidated financial statements, and reiterates forward-looking statement cautions regarding risks related to its operating countries, the global economy, capital markets, mining and metals prices, and competition.
Vale S.A. reports that its Board of Directors met on July 30, 2026, in São Paulo and by videoconference. The Board approved an amendment to item 2.1.(ii) of the Nomination and Governance Committee’s (CIG) internal regulations, to take effect as set out in the annex to the minutes.
The Board also ratified the nomination of Wilfred Theodoor Bruijn as Lead Independent Director and elected Reinaldo Duarte Castanheira Filho as Vice-Chairman of the Board, both effective August 1, 2026 and serving until the end of the current term of office. All resolutions were approved with the abstention of Director Marcelo Gasparino da Silva.
Vale S.A. presents detailed internal regulations for its permanent Fiscal Council, the supervisory body that oversees management’s compliance with Brazilian corporate law and the company’s bylaws.
The council has 3 to 5 members elected until the next Annual Shareholders’ Meeting, meets at least monthly, and reviews quarterly and annual financial statements with management and the external auditor. It can call shareholder meetings if management delays, receives whistleblower-channel reports every six months, and must issue an opinion on the annual report and financial statements at least 30 days before the Annual Shareholders’ Meeting. The rules define interaction with the Board of Directors, use of the Corporate Governance Office for support, conflict-of-interest and confidentiality procedures, self-assessment, and a comprehensive set of onboarding documents and policies each member must sign.
Vale S.A. approved a new share buyback program authorizing the repurchase of up to 100 million common shares, about 2.3% of its outstanding shares, over an 18‑month period. The program becomes effective on August 19, 2026 and is scheduled to end on January 29, 2028, following expiration of the current program.
The company may repurchase shares or ADRs directly on exchanges or use structured tools including Total Return Equity Swaps, Enhanced Share Repurchases and Accelerated Share Repurchases. Repurchased shares may be cancelled, increasing remaining shareholders’ percentage ownership, or used in executive retention plans linked to Vale’s Global Long-Term Share-Based Incentive Plan.
As of June 30, 2026, Vale reported 4,255,762,795 outstanding shares and 183,396,969 shares in treasury, and may hold up to 21,782,821 repurchased shares for incentive plans. The program will be funded from profit and capital reserves, and the Board states it is comfortable that expected cash generation and leverage will allow continued servicing of debt and mandatory dividends, with no expected material impact on control or governance structures.
Vale S.A. reports broad alignment with the Brazilian Code of Corporate Governance as of 30/07/2026, covering shareholders’ rights, board structure, risk management and ethics. Its bylaws provide a takeover defense requiring a public offering for all common shares when an investor reaches at least 25% of total common shares or capital. The minimum offer price must be the highest of an appraised economic value, 120% of the 60‑session volume‑weighted average price, or 120% of the highest price paid by the acquirer in the prior 12 months. In July 2024 the board reviewed this measure and concluded it remained adequate for shareholder protection.
The company highlights a board composed mostly of external members, with at least one‑third independent, separation of CEO and chair roles, and formal policies for nominations, annual performance evaluation and CEO succession. Executive pay follows a Management and Directors Policy, combines fixed pay, annual bonuses and share‑based incentives, and uses malus and clawback mechanisms tied to financial, safety, risk, ESG and diversity targets.
Risk oversight is based on a three‑lines‑of‑defense model, an integrated Risk Management Policy revised in November 2025, and five executive risk committees. An Audit and Risk Committee of independent directors oversees financial reporting, controls and compliance. Ethics structures include a Conduct and Integrity Committee, a formal Ethics & Compliance Program, an independent whistleblower channel, strict conflict‑of‑interest and related‑party policies, and a global anti‑corruption framework that prohibits political contributions.
Vale S.A. approved changes in the leadership of its Board of Directors. Effective August 1, 2026, independent director Reinaldo Duarte Castanheira Filho was elected Vice Chairman of the Board, and independent director Wilfred Theodoor Bruijn was appointed Lead Independent Director for the remainder of the current term.
The Board states that it reaffirms a commitment to high standards of corporate governance, transparency and sustainable value creation for shareholders and other stakeholders.
Vale S.A. reports higher revenue but lower profit for the three and six months ended June 30, 2026. Net operating revenue rose to US$10,498 million from US$8,804 million in the quarter, and to US$19,756 million from US$16,923 million year‑to‑date, driven by both Iron Ore Solutions and Vale Base Metals.
Adjusted EBITDA increased to US$3,676 million in the quarter and US$7,506 million year‑to‑date, yet quarterly net income fell to US$1,414 million (US$1,375 million attributable to shareholders) versus US$2,135 million, with basic EPS of US$0.32 versus US$0.50. Taxes, socio‑environmental expenses and provisions related to Brumadinho, dam de‑characterization and legal matters continued to weigh on results.
Operating cash flow reached US$4,291 million in the first half, funding US$2,429 million of capital expenditures, US$2,745 million of dividends and interest on capital, and US$214 million of share repurchases. Total assets were US$89,279 million, equity US$38,946 million and loans and borrowings US$18,304 million. Provisions and liabilities linked to Brumadinho, Samarco and asset retirement remained significant.
Vale S.A. reports consolidated second-quarter 2026 net operating revenue of 53,012 (R$ million), up from 49,807 a year earlier. Gross profit was 16,179 versus 15,386, while operating income slipped to 10,836 from 11,349. Net income fell to 7,041 from 12,187, with basic earnings per share down to 1.61 from 2.83. For the six months, revenue reached 101,692 and net income 17,240 (2025: 97,218 and 20,360), with basic EPS of 3.94 compared with 4.74.
Adjusted EBITDA in the quarter was 18,516 (R$ million) versus 19,147, as Iron Ore Solutions softened but Vale Base Metals improved to 6,510 from 4,043, supported by copper EBITDA of 5,177 (2025: 3,046). Operating cash generation in the first half was strong at 22,126, exceeding 20,292 in 2025, while investing cash outflows totaled 15,902, including payments related to the Samarco dam failure of 4,286. Financing activities used 16,450, driven by dividends and interest on capital to shareholders of 14,465 and a share buyback of 1,091, contributing to a reduction in cash and cash equivalents to 28,871. Vale continues to carry sizable legacy and environmental obligations, including de-characterization and asset retirement provisions of 31,839, a Samarco-related provision of 10,853, Brumadinho-related liabilities, and uncertain tax positions totaling 62,772 of potential exposure.
Vale S.A. updated its 2026 unit cost and production estimates. For 2026, C1 cash cost of iron ore is now estimated at 22.5–23.5 US$/t, compared with 20.0–21.5 US$/t previously, and all-in iron ore cost at 58–62 US$/t, versus 52–56 US$/t.
The all-in cost range for copper was revised to 0–500 US$/t from 1,000–1,500 US$/t, and for nickel to 10,000–11,500 US$/t from 12,000–13,500 US$/t. Estimated 2026 production volumes are 360–380 kt of copper and 185–200 kt of nickel. These estimates assume an average USD/BRL exchange rate of 5.13, Brent at US$86/bbl and specific gold, copper, cobalt, platinum and palladium prices, and are described as forward-looking statements that may differ from actual results.