Vale S.A. — Form 6-K filed 2026-08-13

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Vale's subsidiary VBM advances the CPF project at Salobo, with start-up expected in 1H2028, about a year ahead of schedule. The project adds 6 million tonnes of annual ore processing capacity, increasing copper output by up to 30,000 tonnes per year and gold by 15,000 ounces. Capex is reduced to ~$215 million, with $40 million funding from Wheaton. Vale targets ~700,000 tonnes of copper production by 2035.