Vale

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.

PT Vale Indonesia Tbk has begun construction of an integrated low-carbon nickel mining and processing plant in Morowali, Central Sulawesi, Indonesia. The total investment cost is up to 37.5 trillion rupiah (US$2.48 billion), with a planned production capacity of 73,000 tons/year.

Brazilian mining giant Vale (NYSE: VALE) released its fourth quarter 2022 report on February 16, local time, under the pressure of production cuts and falling iron ore prices, net operating income in the fourth quarter fell 8.8% to US$11.94 billion, adjusted EBITDA from continuing operations was US$4.63 billion, down US$100 million year-on-year and up 960 million yuan, and net profit was US$3.72 billion, down 30.4% year-on-year. However, it still exceeded market expectations of $2.5 billion.

Vale (NYSE:VALE): Q4 2022 revenue of $11.941 billion, prior-valued $13.105 billion vs. $11.49 billion, exceeding market expectations by 3.93%; Earnings per share were $0.82 vs $1.07 prior, and $0.62 expected, beating market expectations by 32.26%.