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Vale Iron Ore Output Keeps Growing in Q2 2016

iconJul 22, 2016 14:19
Source:SMM
Vale S.A. (Vale) produced 86.8 million tonnes of iron ore production in the second quarter of 2016, according to its e-mail to SMM.

SHANGHAI, Jul. 22 (SMM) – Vale S.A. (Vale) produced 86.8 million tonnes of iron ore production in the second quarter of 2016, according to its e-mail to SMM.

The output, 9.3 million tonnes higher than the level in Q1, excludes Samarco’s attributable production, but includes iron ore acquired from third parties. 

China Iron Ore Price to Hold Firm, SMM Says

The company attributes the high output mainly to good performance of the Northern System.

Carajás achieved a production record for a second quarter of 36.5 million tonnes in 2Q, representing an increase of 4.9 million tonnes (or 15.5%) in relation to 2015’s Q2, mainly due to the increase in the overall equipment efficiency of the truck fleet and the ramp-up of the N4WS and N5S extension pits.

Nickel, copper and gold all reached a record for a second quarter of 2016, while coal output fell both from 2016’s Q1 and 2015’s Q2 levels.

Production Summary 







                       % change

000’ metric tons

2Q16

1Q16

2Q15

1H16

1H15

2Q16/1Q16

2Q16/2Q15

1H16/1H15

Iron ore 1

86,823

77,544

89,311

164,367

166,729

12.00%

-2.80%

-1.40%

Pellets 1

10,049

11,478

12,237

21,527

23,625

-12.40%

-17.90%

-8.90%

Manganese Ore

553

596

554

1,149

1,146

-7.30%

-0.20%

0.30%

Coal

1,505

1,663

2,012

3,168

3,707

-9.50%

-25.20%

-14.50%

Nickel

78.5

73.5

67.1

152

136.3

6.80%

17.00%

11.50%

Copper 2

107.4

111.9

104.9

219.2

212

-4.00%

2.40%

3.40%

Cobalt

1,312

1,400

1,122

2,711

2,092

-6.30%

16.90%

29.70%

Gold (000' oz troy)

109

118

100

227

203

-7.60%

9.00%

12.20%

Potash

101

111

111

211

219

-9.10%

-9.80%

-3.80%

Phosphate rock

1,805

1,615

2,114

3,420

4,106

11.80%

-14.60%

-16.70%

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