Vale(US:VALE)2024-10-25 17:15Operational Performance & Safety - Vale's upstream dam decharacterization program is 53% complete[9] - Dams at emergency level decreased significantly: Level 3 down 54%, Level 2 down 71% since 2020[16] - Iron ore production increased by 6% to 91 Mt in 3Q24[20] - Pellet production increased by 13% to 10 Mt in 3Q24, the highest since 3Q19[20] - Sudbury ore mined increased by 20% to 730 kt in 3Q24[22] Financial Performance - Proforma EBITDA for 3Q24 was US$3741 million[25] - Iron ore fines C1 cash cost was US$20.6/t in 3Q24[26] - Copper all-in costs decreased to US$2900/t in 3Q24[28] - Nickel all-in costs decreased to US$15000/t in 3Q24[28] - Free cash flow was US$1600 million in 3Q24, with US$1586 million paid in interest on capital to shareholders and US$20 million in share buyback[30] Samarco Settlement - A definitive agreement was signed for R$170 billion related to the Samarco dam failure[23] - R$38 billion has already been disbursed in 42 compensation programs, compensating over 446000 people[23] - Vale provisioned US$47 billion, including an additional US$10 billion in 3Q24, for the Samarco agreement[32]