Vale employee smiling in green landscape. She is wearing a green Vale
uniform, goggles, helmet and ear plugs. Visual wave artifact Vale
An outdoor operation area with huge equipment An outdoor operation area with huge equipment
A woman is on some kind of bridge, handling equipment. She is wearing a Vale uniform, a hard hat and protective gloves and goggles.
Photo: Vale / Image Bank
A Vale employee is looking at a piece of equipment. He is wearing a hard hat, safety glasses and a name tag around his neck.
Photo: Vale / Image Bank

Major and Controlling Shareholders

The Company’s majority shareholder is VCL, who is wholly owned by Vale S.A, and domiciled at Praia de Botafogo, 186-Botafogo, Rio de Janeiro, Brazil.

Vale S.A.’s corporate capital as of December 31, 2021 was 5,132,458,410 common shares and twelve golden shares owned by the Brazilian Government.

Struktur Pemegang Saham Utama dan Pengendali Perusahaan

Company Majority and Controlling Shareholders Structure
The twelve golden shares have veto powers over certain actions, such as a change in name, location of the head office, and the Company’s purpose as it relates to mining activities.

As such, Vale S.A. is the Company’s Controlling Shareholder, due to its direct and indirect control.

The following table sets forth information regarding ownership of Vale S.A. shares as of February 28, 2023.
Two men are talking in an outdoor area at night. They are wearing body armor and hard hats.
Photo: Vale / Image Bank
Name of Shareholders ​Number of shares ​Percentage (%)
The Capital Group Companies, Inc.¹ ²
Blackrock, Inc.¹ ²
¹ Position of the economic group ² Position on 01/31/2023