Mining giant Vale (NYSE:VALE) announced that EBITDA for 2022 was $20.9 billion, down 38% year-over-year, mainly due to a 23.6% drop in real iron ore prices; The Company’s operating free cash flow was $5.7 billion during the reporting period, compared to $20 billion in 2021, due to a decline in EBITDA. Vale paid a total of US$12.6 billion in dividends, capital interest and share buybacks in 2022 and will pay US$1.8 billion in dividends in March 2023.