Vale S.A. (NYSE:VALE) Q1 2024 Earnings Call Transcript

Operator: This concludes today’s question-and-answer session. We would like to hand the floor back to Mr. Eduardo Bartolomeo for the company’s final remarks.

Eduardo Bartolomeo: Okay. Thank you. Well, just to conclude, I think, as we say here in Brazil, we start with the right foot. We start the year in a very good shape. We always like to say that we win the game in the first quarter. We’re not that arrogant, so we know we still have nine months to go. Rainy season isn’t over yet on the North, but the thesis of safety versus productions is being proved that we can be safer and reliable, and that’s I think is a very important message. We are seeing a positive market in iron ore and in a copper as well. Nickel has its challenge. As lastly answered by Gustavo, our projects are on-time, on budget. So, we will deliver on it. On June, we’re going to have more color on the asset review.

And in the end, every about the noises that are around us, we see some overhangs starting to, getting off of the radar, as Mariana is expected to be over by the, we’ll try our best to do it by the first half. The renewal is going to be over, it’s not going to be material. So, with that said, if we see through the noise, we remain extremely disciplined, extremely focused on what we have to do, and we still see extremely huge opportunity to invest in Vale. So, again, thanks a lot for your attention, and hope to see you in the next call. Okay? Thank you, and have a safe day.

Operator: Vale’s conference is now concluded. We thank you for your participation.