This transaction marks the completion of Vale's major divestment programme, which involved selling more than 10 non-core assets across several continents since 2019. Through this programme, Vale has been able to simplify and de-risk its business exposure, resulting in the elimination of expenditures of up to US$2 billion per year. This reinforces Vale's strategy of portfolio simplification and enables the company to focus on its core businesses and growth opportunities through a disciplined capital allocation.