Global iron ore mining major Vale has suffered a 5 percent fall in its December quarter iron ore fines production at 84.5 million tons (mt) compared to the September quarter mainly due to higher rainfall and tailings disposal restrictions.
Following production restrictions, Vale ended 2020 with 322 mt of production capacity and expects to achieve 350 mt capacity by the end of 2021.
Vale’s pellet production totalled 29.7 mt in 2020, 29 percent lower than in 2019, as a result of lower pellet feed availability from Vale’s sites and production adjustments according to market conditions.
Vale’s pellet production was 7.1 mt in the December quarter, down 1.4 mt sequentially due to lower pellet feed availability from Brucutu and Itabira and maintenance in Tubarao pellet plant.
This story is from the February 2021 edition of Steel Insights.
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This story is from the February 2021 edition of Steel Insights.
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