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

About Vale

4/22/2015

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

The Vale Production Report for the first quarter of 2015 was released on Wednesday, April 22. The document provides an overview of our operations in the period.

The highlight was the strong operating performance of iron ore of 74.5 Mt - excluding iron ore acquired from third parties and Samarco's attributable production.

In December 2014, we started the operation of the N4WS mine which will not only lead to further production increases but will also lead to a reduction in strip ratios and in average haulage distances in Carajás. N4WS is part of the N4W ore body, a world-class asset, with 1.346 billion metric tons of proven and probable reserves and an average Fe content of 66.5%.


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Download our 1Q15 Production Report and read about our performance.

Download 1Q15 Production Report

See highlights of some of our businesses in the infographic:

Iron ore and pellets

The production of iron ore reached its best performance for a first quarter, with 74.5 Mt, in particular for Carajás, which produced 27.5 Mt and also reached a new record for a first quarter.

Excluding Samarco's attributable production of 3.5 Mt, Vale's pellet production reached 11.4 Mt in 1Q15, in line with 4Q14 and 1.5 Mt higher than in 1Q14 due to the ramp up of the Tubarão VIII pellet 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

Production of nickel reached 69,200 t in 1Q15, the best performance for a first quarter. The quarter was marked by a record in nickel oxide and total nickel production at Vale New Caledonia (VNC), a record production from a single-furnace at Onça Puma and the positive progress in the ramp-up at Long Harbour.

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 1Q15 was 1.7 Mt, 26.6% and 5.1% lower than in 4Q14 and 1Q14, respectively, due to the stoppage of the Integra Coal and Isaac Plains mines and an abnormal rainy season 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 two joint ventures in China.

Copper

In 1Q15, copper output was 107,200 t, 1.6% and 21.1% higher than in 4Q14 and in 1Q14, respectively, reaching a historical production record (including Lubambe's attributable production).

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 1Q15, potash production totaled 108,000 t, in line with 1Q14, but 26.5% lower than in 4Q14, as we accessed lower quality ore.

Traditionally our production is weaker in the first half of the year driven by softer demand for nutrients in Brazil during this time of the year.

Phosphate rock output was 2.0 Mt in 1Q15, 3.1% higher than in 1Q14, but 9.8% lower than in 4Q14, due to the scheduled maintenance stoppage in Tapira and Araxá, in Brazil, and Bayóvar, in Peru.

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


1Q15 Financial Report

On Thursday, April 30, we will release our 1Q15 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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Get to know our operational results on the first quarter of 2015