Vale S.A.
Q2 2022 Earnings Call
Jul 29, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, ladies and gentlemen. Welcome to Vale's conference call to discuss the second quarter 2022 results. [Operator instructions] This call is being simultaneously translated to Portuguese. [Operator instructions] As a reminder, this conference is being recorded, and the recording will be available on the company's website at vale.com at Investors link.
This conference call is accompanied by a slide presentation also available at Investors link at the company's website and is transmitted via Internet as well. The broadcasting of Internet, both the audio and the slide chains has a few seconds delay in relation to the audio transmitted via phone. Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996. Actual performance could differ materially from that anticipated in any forward-looking comments as a result of macroeconomic conditions, market risks, and other factors.
First, today are Mr. Eduardo Bartolomeo, chief executive officer; Mr. Gustavo Pimenta, executive vice president, finance, and investor relations. Mr.
Marcello Spinelli, executive vice president, IR; Ms. Deshnee Naidoo, executive vice president as metals. First, Mr. Eduardo Bartolomeo will proceed to the presentation on Vale's second quarter 2022 performance.
And after that, he will be available for questions and answers. It's now my pleasure to turn the call over to Mr. Eduardo Bartolomeo. Sir, you may now begin.
Eduardo Bartolomeo -- Chief Executive Officer
Thank you very much. Good morning, everyone. I hope you are all well. We just celebrated 80 years operating in Brazil.
It was an opportunity to reflect on our journey, challenge, and evolution to build a better Vale. As you know, we remain focused on rerating Vale by derisking and reshaping our company. Let me guide you through our main accomplishments since the end of the first quarter. We remain firmly committed to the Brumadinho operation, we disbursed close to $320 million in the second quarter under agreements and donations.
In the environmental front, we are now detailing the sanitation projects to the affected communities. The compensation of individual damage, new indemnification agreements have been reducing as the deadline for extra legal claims closed in January 2022 for most territories. Since 2019, we have indemnified more than 13,000 people totaling around BRL 3.1 billion. On the safety, we concluded the decharacterization of two of the five upstream dam structures to be eliminated in 2022.