Vale´s Production Report for the second quarter of 2019 (2Q19) was announced on Monday, July 22. The document provides an overview of the company´s operations during the period.
Vale´s iron ore fines production totaled 64.1 Mt in 2Q19, 12.1% and 33.8% lower than 1Q19 and 2Q18, respectively. Vale pellet production 1 totaled 9.1 Mt in 2Q19, 25.5% and 29.3% lower than 1Q19 and 2Q18, mainly as a result of the impacts following the Brumadinho dam rupture and the unusual weather-related conditions in the Northern System in April and early May.
Iron ore fines and pellet sales volume was 70.8 Mt in 2Q19, 4.5% higher than in 1Q19 and 18.2% lower than 2Q18. Although the production volumes decreased quarter over quarter, sales volumes increased 3.2 Mt due to the consumption of offshore inventories.