Iron ore fines production came to 59.6 million tonnes in the January-March period, down from 72.87 million tonnes the year before, and just below the company’s revised guidance for the quarter of 63-68 million tonnes
, it said.
Vale’s iron ore and pellets sales reached 58.97 million tonnes in the first-quarter 2020, down from 67.73 million tonnes in the first quarter of 2019.
The company’s results were lower than it had expected because of unplanned maintenance at Vale’s S11D iron ore operations, heavy rainfall in the country and lower production from mining operations in Brazil’s southeastern region, it said.
Subsequent to the decline in its first-quarter production and negative operational consequences of the Covid-19 pandemic, Vale...