Vale iron ore output 'at 340-345mln tpy levels' as halted operations return

Brazilian miner Vale is operating at capacity for 340-345 million tonnes per year of iron ore production following the restart of its Brucutu mine and partial resumption at Vargem Grande, ferrous director Marcelo Spinelli told analysts and investors during a conference call on Thursday August 1.

Meanwhile, the company is working with Brazilian mining agency ANM to further increase output through dry processing over the next 6-9 months,Spinelli added. These developments should mainly come from the Abóboras, Timbopeba and Alegria assets, he said.
The miner maintained its sales volumes guidance of 307-332 million tonnes for 2019.

But Vale expected that returning supply will take longer to reach its seaborne customers, because its own inventories were reduced by 6 million...


Renato Rostás

August 01, 2019

18:08 GMT

São Paulo