Get to know our operational results in the fourth quarter of 2015

About Vale

2/18/2016

Get to know our operational results in the fourth quarter of 2015

Our Production Report for the fourth quarter of 2015 was released on this Thursday, February 18. The document provides an overview of our operations in the period.

Vale delivered a strong operational performance in 4Q15 and in 2015, with annual and quarterly production records in iron ore, pellets, nickel, copper, cobalt and gold.

The highlight was the iron ore production, which reached a record 333.4 Mt in 2015(excluding iron ore acquired from third parties), 14.2 Mt higher than in 2014. Carajás achieved a production record of 129.6 Mt in 2015, representing an increase of 9.9Mt in relation to the last year.


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Download our 4Q15 Production Report and read about our performance.

Download 4Q15 Production Report

See highlights of some of our businesses in the infographic:

Iron ore

Iron ore own production – excluding Samarco’s attributable production – was 85.4 Mt in 4Q15, an increase of 2.9% against the 83.0 Mt produced in 4Q14.

Carajás achieved a new production record of 36.5 Mt in 4Q15, 7.8% and 4.8% higher than in 3Q15 and in 4Q14, respectively, mostly due to the ramp-up of the N4WS and N5S mines and the higher capacity utilization at Plant 2.

Excluding Samarco’s attributable production of 1.6 Mt, Vale’s pellet production, reached 10.4 Mt in 4Q15.The production reached a record 46.2 Mt in 2015 with the ramp-up of the Tubarão 8 plant.

Our iron ore mines are concentrated in Brazil, where we also operate pelletizing plants. We have two pelletizing plants in Oman and stakes in pellet production joint ventures in China.

Nickel

Nickel production reached a record 291,000 t in 2015. The production reached 82,700 t in 4Q15, also a quarterly record, being 15.4% and 12.3% higher than in 3Q15 and in 4Q14, respectively.

We have nickel mines and operations in Brazil, Canada, Indonesia and New Caledonia. We also have refineries – solely owned and through joint ventures – in China, South Korea, Japan, the United Kingdom and Taiwan.

Coal

Coal production reached 7.3 Mt in 2015, 15% lower than in 2014. The reduction was caused by the stoppage of the Integra Coal and Isaac Plains mines, which were placed in care and maintenance in 2Q14 and 3Q14 respectively.

At the 4Q15, the production of coal amounted to 1.6 Mt in 4Q15, 23% and 31% lower than in 3Q15 and 4Q14, respectively, as a result of a longwall move at Carborough Downs and a short stoppage at the coal handling and processing plant in Moatize.

We are present in Australia and Mozambique, the two countries that are set to contribute most to growth in global coal supply in the coming years. We also have stakes in one joint venture in China.

Copper

Copper production achieved a new annual record of 423,800 t in 2015. The production increase was driven primarily by the ramp-up of Salobo’s second line. Our production reached 112,500 t in 4Q15, also a new record for our operations, being 13.4% and 6.7% higher than in 3Q15 and in 4Q14, respectively.

We produce copper in Brazil, Canada and Zambia. Our Brazilian operations are located in Carajás, where they benefit from our pre-existing logistics infrastructure for transporting iron ore.

Fertilizers

Potash production reached 137,000 t in 4Q15, 10.3% higher than in 3Q15 due to higher productivity at the concentration plant but 6.5% lower than in 4Q14 due to lower ore grades.

Output from the Brazilian operations was 1.1 Mt in 4Q15, 12.9% higher than in 3Q15, with the resumption of operations in Araxá. Production was 8.5% lower than in 4Q14, due to: (i) the stoppage of the Patos de Minas Unit, (ii) the maintenance stoppage in Catalão and (iii) the lower productivity at the Tapira beneficiation plant. Bayovar’s operations reached an annual production record of 3.9 Mt in 2015, 0.1 Mt higher than in 2014.

We produce fertilizer production inputs in Brazil and Peru. We are also developing projects in Mozambique and Canada.

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Get to know our operational results in the fourth quarter of 2015