Vale S.A.
Price History
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About Vale S.A.
Vale S.A. (VALE) is a iron ore mining company. Our project database tracks 12 projects for Vale S.A. with technical and economic data extracted from company filings. Its flagship Serra Sul Complex (S11CD) (Feasibility) carries an after-tax NPV of $44.51B.
Overview
Vale S.A. is a Brazilian multinational corporation and one of the world's largest producers of iron ore and nickel. Founded in 1942, Vale is a leading global mining and logistics company with operations in over 30 countries. The company plays a critical role in the global steel and battery materials supply chains.
Operations
Vale operates extensive iron ore mining operations in Brazil's Iron Quadrangle and Carajás regions, producing over 300 million tonnes annually. The company also has significant nickel operations in Canada, Indonesia, and New Caledonia, copper operations in Brazil, and coal operations in Mozambique. Vale owns and operates port terminals, railroads, and shipping infrastructure.
Strategy
Vale's strategy focuses on safety excellence following the Brumadinho tragedy, operational efficiency, decarbonization with a target of net-zero by 2050, portfolio optimization toward premium products, and maintaining position as the world's lowest-cost and highest-quality iron ore producer. The company is also expanding in nickel for battery applications.
Key Projects
Major projects include the Serra Sul S11D expansion (world's largest iron ore operation), nickel expansion in Indonesia, Salobo copper expansions in Brazil, and development of carbon-neutral briquette technology. Vale is investing heavily in tailings management and dam safety following industry incidents.
Primary Commodities
Project Economics
Ontario Operations
- Mineral Reserves
- Proven & Probable mineral reserves as at 31 Dec 2025, presented on 100% basis
- Mineral Resources
- Measured & Indicated and Inferred mineral resources as at 31 Dec 2025, presented both on 100% basis and 90% basis
- Royalties / Streams
- Streaming arrangement with Wheaton Precious Metals
Salobo Operations
- Mineral Reserves
- Proven & Probable 100%: 1,023.6 Mt @ 0.60% Cu, 0.34 g/t Au, containing 6,122 kt Cu and 11,110 koz Au
- Mineral Resources
- Measured & Indicated 100%: 624.8 Mt @ 0.45% Cu, 0.22 g/t Au, containing 2,796 kt Cu and 4,441 koz Au; Inferred 100%: 197.7 Mt @ 0.6% Cu, 0.3 g/t Au, containing 1,080 kt Cu and 1,970 koz Au
- Royalties / Streams
- Streaming arrangement with Wheaton Precious Metals (see Chapter 3.8)
Serra Norte Complex
- Mineral Reserves
- Proven and Probable Mineral Reserve Statement 2025 (Table 1-3)
- Mineral Resources
- Total M&I (exclusive of reserves): 1,351.5 Mt @ 66.3% Fe; Inferred: 302.7 Mt @ 66.3% Fe
- Royalties / Streams
- Royalties: 5.5 US$/ton of product (opex); total royalties US$ 7,994 M over LOM
Serra Sul Complex (S11CD)
- Mineral Reserves
- Proven 1,506.6 Mt at 65.7% Fe; Probable 1,924.3 Mt at 65.2% Fe; Total Proven+Probable 3,430.8 Mt at 65.4% Fe
- Mineral Resources
- Measured 542.5 Mt at 66.1% Fe; Indicated 407.0 Mt at 64.8% Fe; Inferred 123.7 Mt at 64.6% Fe
Serra Sul Complex
- Mineral Reserves
- Proven 1,506.6 Mt @ 65.7% Fe; Probable 1,924.3 Mt @ 65.2% Fe; Total P&P 3,430.8 Mt @ 65.4% Fe (effective Dec 31, 2023)
- Mineral Resources
- Measured 542.5 Mt @ 66.1% Fe; Indicated 407.0 Mt @ 64.8% Fe; Inferred 123.7 Mt @ 64.6% Fe (effective 2023/Dec/31, exclusive of reserves)
Ontario Operations (Sudbury)
Serra Norte
- Mineral Reserves
- Total Proven + Probable: 1,590.2 Mt at 65.8% Fe
- Mineral Resources
- Measured 592.7 Mt at 66.4% Fe; Indicated 491.5 Mt at 66.1% Fe; Inferred 293.4 Mt at 66.0% Fe
Serra Norte - N1
- Mineral Reserves
- Subtotal Proven + Probable: 323.6 Mt at 66.1% Fe
- Mineral Resources
- Measured 128.1 Mt at 66.5% Fe; Indicated 133.4 Mt at 66.2% Fe; Inferred 52.8 Mt at 66.3% Fe
Serra Norte - N2
- Mineral Reserves
- Subtotal Proven + Probable: 42.9 Mt at 66.3% Fe
- Mineral Resources
- Measured 1.8 Mt at 66.1% Fe; Indicated 18.2 Mt at 65.3% Fe; Inferred 13.2 Mt at 65.2% Fe
Serra Norte - N3
- Mineral Reserves
- Subtotal Proven + Probable: 91.8 Mt at 65.3% Fe
- Mineral Resources
- Measured 7.5 Mt at 66.1% Fe; Indicated 21.1 Mt at 65.7% Fe; Inferred 24.0 Mt at 66.1% Fe
Serra Norte - N4
- Mineral Reserves
- Proven 337.7 Mt at 66.5% Fe; Probable 295.1 Mt at 66.3% Fe; Subtotal Proven+Probable 632.8 Mt at 66.3% Fe
- Mineral Resources
- Measured 190.0 Mt at 65.7% Fe; Indicated 138.3 Mt at 65.6% Fe; Inferred 73.1 Mt at 65.7% Fe
Serra Norte - N5
- Mineral Reserves
- Proven 126.6 Mt at 65.0% Fe; Probable 372.5 Mt at 64.9% Fe; Subtotal Proven+Probable 499.1 Mt at 64.9% Fe
- Mineral Resources
- Measured 265.2 Mt at 66.9% Fe; Indicated 180.5 Mt at 66.4% Fe; Inferred 130.3 Mt at 66.2% Fe
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
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Financial Metrics
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Frequently Asked Questions
- What does Vale S.A. mine?
- Vale S.A. is focused on Iron Ore, Nickel, Copper.
- What is the economic value of Vale S.A.'s Serra Sul Complex (S11CD)?
- According to its Feasibility, Serra Sul Complex (S11CD) has an after-tax NPV of $44.51B.
- How many projects does Vale S.A. have?
- We track 12 projects with extracted technical and economic data for Vale S.A.
Project Analysis
Serra Norte Feasibility Study: $26.21B NPV
Vale S.A.'s Serra Norte in Brazil has a Feasibility Study outlining an after-tax NPV of $26.21B.
Ontario Operations (Sudbury) Resource Estimate: $1.18B NPV
Vale S.A.'s Ontario Operations (Sudbury) in Canada (Ontario, Sudbury) has a Mineral Resource Estimate outlining an after-tax NPV of $1.18B.
Serra Sul Complex (S11CD) Feasibility Study: $44.51B NPV
Vale S.A.'s Serra Sul Complex (S11CD) in Brazil (Carajás) has a Feasibility Study outlining an after-tax NPV of $44.51B.
Serra Norte Complex Resource Estimate: $19.55B NPV, $8.06B Capex
Vale S.A.'s Serra Norte Complex in Brazil has a Mineral Resource Estimate outlining an after-tax NPV of $19.55B and initial capital of $8.06B.
Serra Sul Complex Feasibility Study: $44.51B NPV
Vale S.A.'s Serra Sul Complex in Brazil, Carajás region (Pará) has a Feasibility Study outlining an after-tax NPV of $44.51B.
Ontario Operations Feasibility Study: $1.95B NPV Over a 21-Year Mine Life
Vale S.A.'s Ontario Operations in Ontario, Canada has a Feasibility Study outlining an after-tax NPV of $1.95B. The proposed mine plan runs 21 years.
Salobo Operations Resource Estimate: $16.61B NPV, $3.92B Capex
Vale S.A.'s Salobo Operations in Pará State, Brazil has a Mineral Resource Estimate outlining an after-tax NPV of $16.61B and initial capital of $3.92B.
Press Releases
VALE S.A. (VALE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
The latest trading day saw VALE S.A. (VALE) settling at $15.23, representing a -3.42% change from its previous close.
Scotiabank Raises its Price Target on Vale (VALE) to $18
Vale S.A. (NYSE:VALE) is one of the 8 Most Undervalued Growth Stocks to Buy Right Now. On May 27, 2026, Scotiabank analyst Alfonso Salazar raised the firm’s price target on Vale S.A. (NYSE:VALE) to $18 from $16.50 previously and maintained a Sector Perform rating on the shares. Salazar said Scotiabank has begun including copper growth […]
Vale (VALE) Gets A Higher Target As Operational Expectations Improve
With a short percentage of shares outstanding of 1.17%, Vale S.A. (NYSE:VALE) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition. On May 22, JP Morgan raised its price target on Vale S.A. (NYSE:VALE) to $19.50 from $18.50 while maintaining an Overweight rating on the shares. The firm updated its financial model on the company, reflecting […]
VALE S.A. (VALE) Is a Trending Stock: Facts to Know Before Betting on It
Recently, Zacks.com users have been paying close attention to VALE (VALE). This makes it worthwhile to examine what the stock has in store.
Vale, I Squared Advance In Bidding For $5 Billion Brazil Iron Ore Port
Porto Sudeste shipped a record 27.8 million tonnes of iron ore in 2025 despite operating below capacity.
Investors Heavily Search VALE S.A. (VALE): Here is What You Need to Know
Zacks.com users have recently been watching VALE (VALE) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Forget Crowded U.S. Mega Caps. These 3 Global Stocks Under $60 Are Undervalued And Pay Real Dividends
U.S. equity benchmarks remain richly valued, and a growing chorus of strategists is reminding retail investors that single-country exposure has historically been a portfolio risk. For investors scanning for non-U.S. revenue streams without paying up for crowded mega-caps, the under-$60 bucket is where some of the most globally diversified businesses currently trade. The opportunity is ... Forget Crowded U.S. Mega Caps. These 3 Global Stocks Under $60 Are Undervalued And Pay Real Dividends
Tencent, CATL Join 10 Million-Ton Carbon Credit Push
Tencent and CATL join a Singapore-based coalition targeting at least 10 million metric tons of high-quality carbon credit purchases by 2030.
Indonesia’s nickel dominance reshapes global supply outlook
Outside Indonesia, Brazil and Canada also contributed to the increase in nickel production, although on a smaller scale.
How EWZ and EWW Investors Are Riding Commodity and Supply Chain Tailwinds
Latin American equities have quietly become one of the strongest regional trades of 2026, and three exchange-traded funds capture the move from very different angles. iShares MSCI Brazil ETF (NYSEARCA:EWZ) is up about 26% year to date on a wave of commodity strength and improving fiscal signals. iShares MSCI Mexico ETF (NYSEARCA:EWW) has added roughly ... How EWZ and EWW Investors Are Riding Commodity and Supply Chain Tailwinds
Quick Facts
- Ticker Symbol
- VALE
- Market Cap
- Large Cap
- Category
- Iron Ore
- Commodities
- Iron Ore, Nickel, Copper
- Headquarters
- Rio de Janeiro, Brazil
- Founded
- 1942
- Employees
- ~68,000
Operating Countries
Producing Assets
- •Carajás Iron Ore (Brazil)
- •Iron Quadrangle Operations (Brazil)
- •Sudbury Nickel (Canada)
- •Vale Indonesia Nickel (Indonesia)
- •Salobo Copper (Brazil)
Development Assets
- •VNC Battery Materials (Canada)
- •Carajás S11D Expansion (Brazil)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.