Vale's iron ore, pellet output rises in Q3 after restart of several operations

Vale’s iron ore production increased both year on year and quarter on quarter in the three months to September as a result of the resumption of previously halted operations in several mining sites, it said late on Monday October 19.

The Brazilian mining major produced 88.68 million tonnes of iron ore in the third quarter, up by 2.3% from the 86.70 million tonnes produced a year earlier, and 31.2% higher than the preceding quarter’s output of 67.60 million tonnes.
The higher production reflects improved performance at its Northern System, the resumption of its Itabira and Timbopeba units in June and the restart of its Fazendão mine in July.

Vale has been gradually ramping up its production since it was forced to halt several mines following...

Published

Felipe Peroni

October 20, 2020

04:50 GMT

São Paulo