Vale Completes $2.5 Billion Transaction with Manara Minerals for Stake in Vale Base Metals

Vale has successfully concluded a significant transaction with Manara Minerals, a joint venture between the Saudi Arabian Mining Company (Ma'aden) and the Saudi Arabian Public Investment Fund, selling a 10% stake in Vale Base Metals Limited ("VBM") for approximately US$2.5 billion. This strategic sale, now approved by relevant regulatory authorities, underscores Vale's ongoing effort to diversify and strengthen its partnerships within the global mining sector.