Vale's net profit on manganese ore rose 0.9 per cent in the second quarter from a year earlier

SMM7: Vale's net profit on manganese ore in the second quarter of 2018 was $74 million, up 0.9 per cent from a year earlier.

Vale's net operating income from manganese and iron ore was $115 million in the second quarter of 2018, compared with $124 million in the first quarter of 2018 and $117 million in the second quarter of 2017.

Sales volume

Vale sold 239000 tons of manganese ore in the second quarter of 2018, 338000 tons in the first quarter of 2018 and 392000 tons in the second quarter of 2017.

Average price

Vale sold manganese ore at an average price of $310.1 per tonne in the second quarter of 2018, $246.9 per tonne in the first quarter of 2018 and $180.1 per tonne in the first quarter of 2017.

Manganese and ferroalloy

Adjusted profit before depreciation amortization for manganese ore and ferroalloys was $47 million in the second quarter of 2018.

Selected financial indicators-ferromanganese and ferroalloys

Earnings before adjusted depreciation amortization for ferromanganese and ferroalloys were $3.181 billion in the second quarter of 2018, $3.359 billion in the first quarter of 2018 and $2.281 billion in the second quarter of 2017.

It sold 8.65 tons in the second quarter of 2018, 8.43 tons in the first quarter of 2018 and 8.17 tons in the second quarter of 2017.

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