Vale S.A.
Q1 2022 Earnings Call
Apr 28, 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 first quarter of 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 via Internet, both the audio and the slides change 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.
With us first today are Mr. Eduardo de Salles Bartolomeo, chief executive officer; Mr. Gustavo Pimenta, executive vice president, finance, and investor relations; Mr. Marcelo Spinelli, executive vice president, IR; and Ms.
Deshnee Naidoo, executive vice president, base metals. First, Mr. Eduardo Bartolomeo will proceed to the presentation on Vale's first quarter of 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. Good morning, everyone. I hope you're all well. Let me start our conversation if I permit the slide to you and reinforce that we remain focused on rerating Vale by derisking and reshaping our company.
On the reparation front, actions provided in the Brumadinho reparation agreement are progressing well. Payment obligations are in full swing, and we are now detailing social economic projects in Brumadinho and other 25 municipalities in the Paraopeba basin. These projects were selected based on popular consultation, and they cover health, social development, infrastructure, and agriculture within a fast responsive package. In safety, we began the de-characterization of Dique Auxiliar, one of the five upstream structures to be eliminated in 2022, which will total 12 by the end of this year.