Business
Vale S A : Transcript 1Q26 Conference Call
Vale S A : Transcript 1Q26 Conference
About this update from Vale S.a.
VALE S/A (VALE3)1T26 Earnings Results April 29th, 2026 Conference Call TranscriptOperator: Good morning, ladies and gentlemen. Welcome to Vale’s first quarter 2026 earnings call.This conference is being recorded, and the replay will be available on our website at vale.com. The presentation is also available for download in English and Portuguese from our website.To listen to the call in Portuguese, please press the globe icon on the lower right side of your Zoom screen, and then choose to enter the “Portuguese room”. Then select “mute original audio” so that you won´t hear the English version in the background.We would like to inform that all participants are currently in a listen-only mode for the presentations. Further instructions will be provided before we begin the question-and-answer section of our call.We would like to advise that forward-looking statements may be provided in this presentation, including Vale's expectations about future events or results, encompassing those matters listed in the respective presentation. We caution you that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. To obtain information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F.With us today are:Mr. Gustavo Pimenta – CEO,Mr. Marcelo Bacci –Executive Vice President of Finance and Investor Relations,Mr. Rogerio Nogueira –Executive Vice President, Commercial and Development,Mr. Carlos Medeiros – Executive Vice President of Operations, andMr. Shaun Usmar – CEO of Vale Base MetalsNow I will turn the conference over to Mr. Gustavo Pimenta. Sir, you may now begin.Gustavo Pimenta:Hello everyone, and thank you for joining Vale’s first quarter 2026 conference call.I would like to start by briefly reinforcing our strategy and our ambition to create superior value for our shareholders. This strategy is grounded in a relentless focus onoperational excellence, combined with disciplined capital allocation and the development of highly accretive growth opportunities, particularly in copper and iron ore, leveraging Vale’s unique as...