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.
The Vale S.A. (VALE) SEC filings page provides access to the company’s official disclosures as a foreign private issuer listed on the New York Stock Exchange. Vale files annual reports on Form 20‑F and frequent current reports on Form 6‑K, which together describe its iron ore, base metals and logistics businesses, governance structure, risk management framework and capital structure.
Form 20‑F annual reports contain detailed information on Vale’s business segments, including Iron Ore Solutions and Vale Base Metals, mineral reserves and resources, risk factors, sustainability and dam management practices, and financial statements prepared in accordance with applicable standards. These documents are central for understanding how Vale presents its global mining and logistics operations, environmental and social responsibilities, and exposure to commodity and regulatory risks.
Form 6‑K current reports capture material updates between annual filings. Recent 6‑Ks include press releases about payments of interest and principal on debentures, notices of relevant changes in institutional shareholdings, schedules for quarterly production, sales and financial performance reports, and approvals or updates to corporate policies on topics such as risk management, group business and entity management, and water and water resources. Some 6‑Ks also reproduce internal corporate policies that explain how Vale classifies subsidiaries, manages joint ventures, and organizes its integrated risk governance.
For investors monitoring capital allocation and shareholder returns, filings may disclose share repurchase activity by Vale and its affiliates, as well as information on outstanding American Depositary Shares and common shares. They also provide context on how Vale manages business risks, including safety, environmental, operational and financial risks, through its Integrated Risk Map, Risk Appetite methodology and Lines of Defense model.
On this page, Stock Titan pairs Vale’s raw SEC filings with AI‑powered summaries that highlight key points from lengthy documents, helping users quickly identify items such as new policies, financing transactions, changes in ownership positions and updates on risk and sustainability frameworks. Real‑time ingestion from EDGAR means new 6‑Ks and 20‑Fs appear promptly, while structured views of Form 6‑K, annual reports and other disclosures make it easier to navigate Vale’s regulatory history.
Vale S.A. submitted a 6-K clarifying media reports that management said it is likely the company will announce extraordinary dividends soon. The company explains this discussion reflects its historical year-end distributions and the context of proposed Brazilian tax changes, while emphasizing that any payment would be subject to governance approvals.
The filing cites Bill No. 1,087/25, which proposes a 10% withholding tax on dividends above R$50,000 per month per beneficiary; management noted the immediate impact would be minimal given Vale’s use of interest on equity (JCP). Vale has already met its minimum shareholder remuneration for 2025 via JCP approved on July 31, 2025 and paid on September 4, 2025. The company states there is no Board decision yet on any extraordinary dividends, including amount or payment date.
Vale S.A. reported a strong operational quarter, highlighting multi‑metal production gains and improved iron ore price realization. Iron ore production reached 94.4 Mt (up 4% y/y) with support from a new quarterly record at S11D, while iron ore sales were 86.0 Mt (up 5% y/y). The average realized iron ore fines price was US$ 94.4/t, up US$ 9.3/t q/q, as fines premiums increased. Pellets output was 8.0 Mt (down 23% y/y) as feed was redirected to fines to optimize the product mix.
Copper production was 90.8 kt (up 6% y/y), led by Salobo and higher concentrates from Voisey’s Bay and Sudbury, with an average realized price of US$ 9,818/t. Nickel production was 46.8 kt (largely flat y/y); Long Harbour hit a production record, and Onça Puma’s second furnace started, lifting site capacity by 15 ktpy to 40 ktpy. Management said iron ore, copper, and nickel are tracking toward the upper end of their 2025 production guidance ranges. Vale also noted a 4.5 Mt iron ore inventory build, mainly cargoes in transit, expected to convert to sales in coming quarters.
Vale S.A. reported a stronger 3Q25 with improved sales, pricing and cash generation. Net operating revenue reached US$ 10,420 million, up 9% year over year, while Proforma EBITDA rose to US$ 4.4 billion, up 17% year over year and 28% quarter over quarter, driven by higher iron ore, copper and by-product prices, greater volumes, and lower freight costs. Attributable net income was US$ 2.685 billion, up 11% year over year.
Free cash flow was US$ 2.6 billion, helped by US$ 1.0 billion of proceeds from the completion of the Aliança Energia JV, and Recurring Free Cash Flow was US$ 1.6 billion. Expanded net debt stood at US$ 16.6 billion at quarter-end, down US$ 0.8 billion quarter over quarter. Iron ore fines realized price averaged US$ 94.4/t and all-in costs declined 4% year over year to US$ 52.9/t. Copper all-in costs fell 65% year over year to US$ 994/t and nickel all-in costs declined 32% to US$ 12,347/t; 2025 cost guidance was revised down for both metals.
Operations advanced with the Onça Puma 2nd furnace start-up and progress across the New Carajás program. Vale also reported safety milestones, including no dams at emergency level 3 and continued progress on Brumadinho and Samarco reparation commitments.
Vale S.A. posted a stronger 3Q25US$ 10.42 billion (up 9% y/y) and proforma EBITDA of US$ 4.40 billion (up 17% y/y). Adjusted EBITDA was US$ 4.37 billion. Attributable net income reached US$ 2.69 billion (up 13% y/y). Free cash flow was US$ 2.57 billion, boosted by US$ 1.0 billion from the Aliança Energia JV, while recurring free cash flow was US$ 1.56 billion. Capital expenditures totaled US$ 1.25 billion, and expanded net debt closed at US$ 16.64 billion, US$ 0.8 billion lower q/q.
Operations improved across key segments. Iron ore fines realized price rose to US$ 94.4/t and all-in costs declined 4% y/y to US$ 52.9/t; fines’ C1 cash cost was US$ 20.7/t. Energy Transition Metals EBITDA jumped to US$ 687 million (up 177% y/y), with copper EBITDA up 71% and nickel turning positive. Vale revised 2025 cost guidance lower: copper all-in cost to US$ 1,000–1,500/t and nickel to US$ 13,000–14,000/t. The Onça Puma 2nd furnace started up, adding 15 ktpy of nickel capacity. Vale reported progress on dam safety, with no structures at emergency level 3.
Vale S.A. updated its 2025 all-in cost guidance for copper and nickel, lowering ranges on stronger operations and higher gold by-product prices. The company now targets all-in copper costs of US$1,000–US$1,500 per ton, reduced from US$1,500–US$2,000. All-in nickel costs are guided to US$13,000–US$14,000 per ton, down from US$14,000–US$15,500. The copper estimate reflects a gold price range of US$3,500 to US$4,100 per troy ounce for 4Q25.
Vale emphasized these figures are hypothetical and may change with market conditions, and noted it will refile item 3 of its Reference Form under CVM Resolution No. 80/2022. All other previously disclosed estimates remain unchanged.
Vale S.A. filed a 6-K with reviewed interim results. The independent auditor reported no modifications, concluding that the condensed interim financial statements are prepared, in all material respects, under CPC 21 and IAS 34.
For Q3 2025, consolidated net operating revenue was R$56,701 million (R$52,978 million in Q3 2024) and net income reached R$14,671 million with EPS of R$3.42. Adjusted EBITDA totaled R$23,765 million, led by Iron Solutions at R$21,604 million and Energy Transition Metals at R$3,770 million. Nine-month cash from operations was R$50,599 million, with investing outflows including R$21,559 million in PP&E/intangibles and R$11,776 million related to Samarco. Financing included R$24,261 million of new borrowings and R$19,456 million distributed to shareholders.
Segment revenue remained concentrated in China, while FX and interest-rate hedges contributed positively to financial results. The company noted U.S. tariff actions in 2025 but stated it does not expect significant effects on operations or cash flows. Equity rose to R$224,733 million, and cash and equivalents stood at R$31,391 million as of September 30, 2025.
Vale S.A. filed a Form 6‑K reporting Q3 2025 interim results. Net operating revenue was $10,420 million (Q3 2024: $9,553 million) and net income reached $2,695 million (Q3 2024: $2,391 million), with basic and diluted EPS of $0.63 (Q3 2024: $0.56). Adjusted EBITDA was $4,369 million, driven mainly by Iron Solutions EBITDA of $3,972 million and Energy Transition Metals EBITDA of $687 million.
For the nine months, net cash generated by operating activities was $6,102 million. The balance sheet showed total assets of $91,190 million (Dec 31, 2024: $80,152 million) and total equity of $42,281 million (Dec 31, 2024: $34,528 million). Non‑current loans and borrowings were $17,373 million (Dec 31, 2024: $13,772 million). Dividends and interest on capital paid to shareholders totaled $3,464 million year‑to‑date.
China remained the largest market in Q3 with $5,695 million in net operating revenue. The auditor’s review found no material modifications needed under IAS 34. Subsequent to quarter‑end, Vale approved an optional acquisition proposal for up to all outstanding participative shareholders’ debentures.
Vale S.A. filed a Form 6-K/A furnishing its updated Internal Audit Charter. The Charter defines Internal Audit as an independent, objective assurance and consulting function, positioned as the 3rd Line of Defense. The Chief Audit and Compliance Officer reports directly to the Board of Directors, with activities supervised by the Audit and Risks Committee (CARE), preserving scope and reporting independence.
The Charter establishes a Quality Assurance and Improvement Program with internal monitoring and external assessments at least once every five years, and requires annual confirmation of organizational independence. Scope includes risk, governance and internal control evaluations, SOX testing, advisory work without management responsibility, and support for investigations via the Whistleblower Channel. The Internal Audit Plan is risk-based and approved by the Board after CARE review, with periodic progress reports and tracking of management action plans.
Vale S.A. filed an amended 6‑K detailing its Vale Group Business and Entity Management Policy (POL‑0043‑G, Version 02). The policy sets governance guidelines for all companies and entities where Vale has control or influence, defines nine entity types (from wholly owned subsidiaries to operated and non‑operated joint ventures, minority stakes, and non‑business entities), and assigns roles such as Accountable Executive and Asset Manager.
The policy requires classification of every entity, alignment with Vale’s strategic plan, and periodic tests of adherence at least every three years. It establishes delegation and oversight rules, including Board‑level voting guidance for non‑business entity transactions above US$ 100 million and Executive Committee delegations up to US$ 400 million. For minority investments in private companies (Type 7), individual investments are limited to US$ 50 million. The Executive Vice President of Finance and Investor Relations must provide an annual report to the Nominating and Governance Committee and the Board. The policy carries a maximum five‑year review cycle.
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