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Vale Posts Best Performance in Iron Ore and Nickel Output in 2015 1Q
Apr 23, 2015 14:53Source:SMM
Vale S.A. (Vale) reported a strong operational performance in iron ore and nickel during the first quarter of 2015, according to its latest performance report in an e-mail to SMM.
SHANGHAI, Apr. 23 (SMM) – Vale S.A. (Vale) reported a strong operational performance in iron ore and nickel during the first quarter of 2015, according to its latest performance report in an e-mail to SMM.
During the report period, Vale produced 74.5 million tonnes of iron ore – excluding iron ore acquired from third parties and Samarco’s attributable production – achieving the best performance for a first quarter.
Production of nickel reached 69,200 tonnes in 1Q15, also the best performance for a first quarter.
Copper output was 107,200 tonnes, 1.6% and 21.1% higher than in 2014’s 4Q and 2014’s 1Q, respectively, reaching a historical production record.
Gold production amounted to 103,000 oz in 1Q15, 9.7% higher than in 2014’s 4Q, reaching the best performance ever, due to the ramp-up of Salobo.
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