Get to know our operational results on the second quarter of 2015

About Vale

7/23/2015

Get to know our operational results on the second quarter of 2015

The Vale Production Report for the second quarter of 2015 was released on Thursday, July 23. The document provides an overview of our operations in the period.

The highlight was the strong operating performance of iron ore of 85.3 Mt, representing the second highest quarterly production in Vale's history and the highest production in a second quarter.

In May 2015, we were granted the operational license for the extension of the N5S mine which will support improvements in our average product quality and reduce our production costs as a result of lower strip ratios and lower average haulage distances in Carajás. N5S is part of the N5 ore body, a world-class asset, with 888 million metric tons of proven and probable reserves and an average Fe content of 67.2%.


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Download our 2Q15 Production Report and read about our performance.

Download 2Q15 Production Report

See highlights of some of our businesses in the infographic:

Iron ore and pellets

Iron ore production – excluding iron ore acquired from third parties and Samarco´s attributable production – of 85.3 Mt in 2Q15 was the second highest production in Vale´s history and the highest production for a second quarter.

Output was 14.4% and 7.4% higher than in 1Q15 and 2Q14, respectively. Production grew in the Northern, Southeastern and Southern Systems mainly driven by better weather-related seasonality, the ramp-up of the N4WS mine and the greater capacity utilization of Plant 2.

Excluding Samarco's attributable production of 3.6 Mt, Vale's pellet production was 12.2 Mt in 2Q15, reaching a historical quarterly production record, due to the good performance of the Oman and the Vargem Grande pellet plants.

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 67,100 t in 2Q15, 3% lower than in 1Q15 and 8.7% higher than in 2Q14. Nickel production was 136,300 t in 1H15 and will increase in 2H15 as PTVI, VNC and Onça Puma will operate at full capacity as their planned maintenance shutdowns for the year were completed in the first half of the year and as Long Harbour continues to ramp up.

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

Total coal output in 2Q15 was 2.0 Mt, 18.7% higher than in 1Q15 and 8.9% lower than in 2Q14, reflecting the stoppage of the Integra Coal mine and the Isaac Plains mine.

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 two joint ventures in China.

Copper

Copper output was 104,900 t in 2Q15, the best performance for a second quarter, being 2.1% lower than in 1Q15 and 29.5% higher than in 2Q14. In 1H15, copper production [2] was 212,000 t and will increase in 2H15 as we progress the ramp-up of the Salobo operation.

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

In 2Q15, potash production totaled 111,000 t, in line with 1Q15 and 15.6% higher than in 2Q14 as we improved the physical availability in our processing plants.

Phosphate rock output was 2.1Mt in 2Q15, 6.1% higher than in 1Q15, as Bayóvar improved its operational performance after the maintenance stoppages carried out in the previous quarter.

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 on the second quarter of 2015