Vale sets a first quarter sales volume record for iron ore and pellets

About Vale

4/16/2018

Vale sets a first quarter sales volume record for iron ore and pellets

Production Report

Our Production and Sales Report for the first quarter of 2018 (1Q18) was disclosed today, Monday, April 16. The document presents an overview of our operations within this period. Vale’s iron ore production achieved 82.0 Mt in 1Q18, Iron ore production1 reached 82.0 Mt in 1Q18, 4.2 Mt and 11.4 Mt lower than in 1Q17 and 4Q17, respectively, mainly due to management’s decision in 2Q17 to reduce production of lower grade ore. This reinforces the positioning of Vale as a premium producer and resulting in higher price realization and better margins since 1Q17.

Vale achieved record sales volumes for a first quarter of iron ore and pellets, reaching 84.3 Mt in 1Q18. In the first quarter of 2017, the volume was of 77.9 Mt. Vale’s sales mix improved substantially year-on-year, as a result of S11D’s ramp-up and the decision to progressively reduce low grade ore production.

Download 1Q18 Production Report


See highlights of some of our businesses in the infographic:

Iron ore

Iron Ore and pellets

  • Quarterly iron ore production totaled 82.0 Mt in 1Q18;
  • Quarterly iron ore production record for a first quarter in the Northern System of 40.6 Mt, 12,9% higher than in 1Q17;
  • Pellets production of 12.8 Mt in 1Q18 was 0.4 Mt higher than in 1Q17;
  • Iron ore production1 reached 82.0 Mt in 1Q18, 4.2 Mt and 11.4 Mt lower than in 1Q17 and 4Q17, respectively, mainly due to management’s decision in 2Q17 to reduce production of lower grade.

Find out more about our iron ore and pellet activities
Nickel

Nickel

  • Nickel production achieved 58.6 t in the first quarter, with sales of 57.900 t;
  • Production at the Long Harbour processing plant reached the quarterly record of 8,600 t in 1Q18;
  • Nickel production is expected to increase to about 65,000 t in 2Q18.

Find out more about our nickel activities
Coal

Coal

  • Sales of metallurgical and thermal coal totaled 2.5 Mt in 1Q18;
  • Production of metallurgical coal was 1.4 Mt, 1.3% lower than 4Q17 and 14.2% lower than 1Q17;
  • Thermal coal production was 1.0 Mt, 10.9% lower than 4Q17 and 28.6% higher than 1Q17.

Find out more about our coal activities
Copper

Copper

  • Copper production reached 93,300 t in 1Q18;
  • Production of copper in concentrate at Salobo reached 43,700 t in 1Q18, 17.5% lower than in 4Q17 and 2.6% higher than in 1Q17.

Find out more about our copper activities

1Q18 Financial Report

On Wednesday, April 25, we will release our 1Q18 Financial Report. After the report has been released, some of our key executives will participate in webcasts with investors and journalists to present the quarter’s results.

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Vale sets a first quarter sales volume record for iron ore and pellets