Vale stock gains 0.83 percent on Ligga iron ore deal

Vale stock traded at BRL 72.97 on B3 on September 23, 2026, up 0.83 percent for the session and 30.75 percent year to date. The company also confirmed a 30 percent interest in the Ligga iron ore mine in a deal valued at USD 190 million, as Canadian Mining Journal reported on September 22, 2026.

Ligga deal expands iron ore reach

The transaction gives Vale an additional position in a project designed to increase iron ore production. The report says Vale confirmed the purchase after B3 requested clarification following an earlier media report, making disclosure and project execution important parts of the market response.

Ligga's iron ore reserves are estimated at 1.5 billion tonnes, while the expansion project is expected to receive USD 97 million in investments. Vale's 30 percent stake therefore links a relatively contained acquisition price with a much larger resource base, although the investment figure represents project spending rather than Vale's purchase consideration.

Revenue rises as profit retreats

Vale's Q2 2026 net operating revenue reached USD 10.498 billion, compared with USD 8.804 billion in Q2 2025, an increase of 19.2 percent. The figures are reported in a filing summary from Stock Titan.

The earnings mix was less favorable: net income attributable to shareholders fell to USD 1.375 billion from USD 2.117 billion a year earlier, a decline of 35.1 percent. For investors, that contrast matters more than the revenue increase alone because it points to higher operating, socio-environmental and financial costs absorbing part of the top-line growth.

Vale stock holds a yearly gain

The B3 quote of BRL 72.97 on September 23, 2026, places the shares 0.83 percent above the prior session and 30.75 percent higher year to date. The market is therefore rewarding the broader operating recovery even as quarterly profit remains below the prior-year level.