Safety Improvements
A 55% reduction in high-potential recordable injuries and leading peers in TRIFR, showing progress towards an accident-free environment.
Iron Ore Production Increase
Iron ore production reached 84 million tons, a 4% increase year-on-year, marking the highest second quarter output since 2018.
Nickel Production Growth
Nickel production rose by 44% year-on-year, driven by productivity initiatives and the successful ramp-up of the Voisey's Bay underground mine.
Copper Production Surge
Copper production increased by 18% year-on-year, achieving the best second quarter since 2019.
Cost Reduction Achievements
Fourth consecutive quarter of year-on-year reduction in C1 cash cost, down to $22.2 per ton, marking an 11% decrease year-on-year.
Improved Financial Performance
Pro forma EBITDA reached $3.4 billion, a 7% increase quarter-on-quarter, with a $1 billion recurring free cash flow in Q2.
Sustainability Leadership
Vale published its first sustainability-related financial information report, leading the industry in transparency and sustainable mining initiatives.