Vale S.A. (NYSE:VALE) Q1 2023 Earnings Call Transcript

Eduardo Bartolomeo: Okay, thank you. Thank you, again, for the interest and attention to our call. I think the four messages that Gustavo wanted to point out, I’m going to just very, very wrap up them in a very short. We are very confident on the production for this year on the guidance that we set up. The worst seasonality factors, mainly for iron ore are over. So I think the production was solid wasn’t reflect on sales, but we will be in second semester as we mentioned, for both business, the energy transition metals and iron solutions. As you may have noticed in the questions, Vale is uniquely positioned even in this M&A frenzy that is starting to happen now. We still have in our iron ore business, inability to grow 4 million tons, we can use third parties, as a huge amount of iron ore that can go through our infrastructure that we are going to use is a new project for us.

We have as mentioned, even with the optionality is that we’re designed here, eventually, for the new energy transition metals business to IPO. It’s in the future, to M&A in the future. So we are creating a tremendous opportunity to unlock value on both business through growth. I’m very proud with my team to really, really ready to focus on Vale, and we’re very happy to sell the least part of our reshaping that was MRN today, coincidentally, it was today. And so we now are really ready to focus on our two main and great business, iron solutions and energy transition. And for the shareholders, I think you have no doubt that capital discipline and shareholder return is the main priority, of course, creating benefits for everybody in society. So with that, I’d like to end the call and thanks a lot for your attention and interest.

And hope to see you in the next call.

Operator: This concludes Vale’s conference call for today. Thank you very much for your participation. You may now disconnect.