SHANGHAI, Feb. 27 (SMM) – Vale S.A. (Vale) achieved several production records, and also reduced capital expenditures by another $2.254 billion in 2014, the company said in its performance report.
In 2014, its output of iron ore, copper and gold was 331.6 million tonnes, 379,700 tonnes and 321,000 oz, respectively, all annual production records.
Over the year, the company also reported the highest annual production in nickel since 2008, producing 275,000 tonnes, according to its report.
The company also registered record sales volumes of iron ore and pellets (313.6 million tonnes) and gold (351,000 oz), and the highest sales volume of nickel (272,000 tonnes) since 2008, it noted.
In 2014, the company also completed eight capital projects, negotiated a key partnership for our coal operation in Mozambique and still paid $ 4.2 billion in dividends while preserving a healthy capital structure.
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