VALE BASE METALS LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-03 (in 10mo)
Last made up 2026-02-17
Watchouts
Cash
£6M
Latest balance sheet
Net assets
£9B
Equity attributable
Employees
12
Average over period
Profit before tax
-£4B
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
3 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Basic Materials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | -£2,223,870 | -£6,671,609 | |
| Profit before tax | -£9,636,768 | -£3,725,722,758 | |
| Net profit | -£9,636,768 | -£3,742,031,134 | |
| Cash | £741,290 | £5,930,319 | |
| Total assets less current liabilities | £12,404,744,255 | £9,820,607,858 | |
| Net assets | £10,885,841,364 | £8,964,418,087 | |
| Equity | £10,885,841,364 | £8,964,418,087 | |
| Average employees | 11 | 12 | |
| Wages | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Return on capital employed | -0.0% | -0.1% | |
| Current ratio | 1.50x | 66.75x | |
| Interest cover | -0.30x | -0.16x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- VALE BASE METALS LIMITED · parent
- Base Metals International SA 100%
- Eastern Star Resources Pty Ltd. 100%
- Mineração Onça Puma S.A. 100%
- PT Sumbawa Timur Geothermal 80%
- PT Sumbawa Timur Mining 80%
- PT Vale Eksplorasi Indonesia 100%
- Salobo Metais S.A. 100%
- Vale Americas, LLC. 100%
- Vale Base Metals Asia Pacific Pte Ltd 100%
- Vale Base Metals Capital plc 100%
- Vale Canada Limited 100%
- Vale Energy Transition Metals Québec Inc. 100%
- Vale Europe Limited 100%
- Vale Exploraciones Chile Limitada 100%
- Vale Exploration Peru S.A.C. 100%
- Vale Inco Europe Holdings 100%
- Vale Japan Limited 87.18%
- Vale Newfoundland & Labrador Limited 100%
- Vale Power SA 100%
- Vale Switzerland SA 100%
- Vale Taiwan Limited 100%
- Vale Technology Development (Canada) Limited 100%
Significant events
- “In April 2024, the Company issued 96,667 ordinary shares, representing 10% of its total shares, to Manara Minerals in exchange for USD 2,456 million in cash.”
- “During 2025, Vale Base Metals Limited engaged intercompany financial transactions totaling USD 2.4 billion, comprising both debt issuance and dividend receipts among affiliated entities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 10 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BACCI, Marcelo Feriozzi | Director | 2025-04-10 | Sep 1969 | Brazilian |
| CASTANHEIRA FILHO, Reinaldo Duarte | Director | 2025-08-01 | Dec 1969 | Brazilian |
| GUILLEN, Jerome Michel Dominique | Director | 2023-09-29 | Aug 1972 | French |
| PIMENTA, Gustavo Duarte | Director | 2023-09-29 | Jun 1978 | Brazilian |
| SILVA DE SOUSA OLIVEIRA, Manuel Lino | Director | 2024-12-06 | Mar 1952 | British |
| WILT, Robert Glenn | Director | 2024-04-30 | Aug 1967 | American |
Show 10 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WILLETTS, Robert Andrew Curtis | Secretary | 2023-10-06 | 2024-11-30 |
| VISTRA COSEC LIMITED | Corporate Secretary | 2023-02-18 | 2023-10-06 |
| BARRENNE DE ARTAGAO QUENTAL, Marina | Director | 2023-09-29 | 2024-11-30 |
| CUTIFANI, Mark | Director | 2023-09-29 | 2025-07-31 |
| DE PAIVA PORTO, Catia Valeria | Director | 2025-08-01 | 2025-09-09 |
| DE SALLES BARTOLOMEO, Eduardo | Director | 2023-09-29 | 2024-12-31 |
| POLAND, Darren William | Director | 2023-02-18 | 2023-09-29 |
| RODRIGUES SCHEEL, Patricia Silva | Director | 2023-02-18 | 2023-09-29 |
| TIPPING, Benjamin Gareth | Director | 2023-02-18 | 2023-04-28 |
| UPTON, Douglas James | Director | 2023-09-29 | 2025-08-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Vale S.A. | Corporate entity | Significant influence | 2023-02-18 | Active |
Filing timeline
Last 20 of 45 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-04 | AA | accounts | Accounts with accounts type full | |
| 2025-09-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-04 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-08-18 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-05-23 | CH01 | officers | Change person director company with change date | |
| 2025-04-23 | AP01 | officers | Appoint person director company with name date | |
| 2025-03-12 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-03-10 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-23 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-12-14 | TM01 | officers | Termination director company with name termination date | |
| 2024-12-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-10-11 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 3
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31