SMM2, 14 May: recently, Vale released its financial report for the fourth quarter of 2019. Vale said that at the end of 2019, one of the most challenging years in its history, the company has been firmly committed to restoring and stabilizing production, while implementing the highest safety standards throughout its operations. The company's endurance and operational flexibility prevail and are following a roadmap to reduce the risks of its operations. Vale remains committed to becoming one of the safest and most reliable mining companies in the world.
Total manganese ore production in the fourth quarter was 1.7% higher than in the third quarter of 2019, and total production in 2019 was 1576 kt, down 13.9% from the same period in 2018.
Manganese ore sales increased 280.0% in the fourth quarter of 2019 compared with the third quarter of 2019, and manganese ore sales reached 1063 kt, in 2019, down 32.4% from the same period in 2018.
The year-on-year decline in production and sales reflected the operational improvements and maintenance of the Urucum mine in the second quarter of 2019, followed by a gradual return to normal production levels and the combined impact of weather-related anomalies in the first half of 2019, this seriously affected the operation of the port of Ponta da Madeira.
The company's business increased in the second half of 2019, with sales exceeding 28.9% in the fourth quarter of 2018 compared with the fourth quarter of 2018. By 2020, normal production levels are expected.
Ferroalloy production was 28kt in the fourth quarter of 2019, 31.1% lower than in the third quarter of 2019, and 151kt in 2019, down 10.1% from the same period in 2018.
Ferroalloy sales were 35 kt in the fourth quarter of 2019, 22.8% higher than in the third quarter of 2019 and 127 kt in 2019, down 9.9% from the same period in 2018. The decrease was mainly due to a temporary decline in domestic demand following the extension of downtime and maintenance time.
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