About Vale

2/16/2018

Vale closes 2017 with production records of iron ore, pellets, gold and coal

Production Report

Our Production and Sales Report for the fourth quarter of 2017 was disclosed today, Friday, February 16. The document presents an overview of our operations within this period.

Vale’s iron ore production achieved a record of 366.5 Mt in 2017, 5.1% higher than in 2016, mainly due to the S11D ramp-up and a higher production in the Conceição I plant in the Southeastern System, which had its ramp-up concluded in 2016.

Download 4Q17 Production Report


See highlights of some of our businesses in the infographic:

Iron ore

Iron Ore and pellets

  • Annual iron ore production record of 366.5 Mt in 2017;
  • Annual iron ore production record in the Northern System of 169.2 Mt in 2017, 21.0 Mt higher than in 2016;
  • Annual pellet production of 50.3 Mt in 2017, 4.1 Mt higher than in 2016;
  • Annual iron ore and pellets shipments record of 335.5 Mt from Brazil, 17.1 Mt higher than in 2016;
  • Annual blended volumes in Asia of 66 Mt in 2017, compared to 3 Mt in 2014, 18 Mt in 2015 and 41 Mt in 2016;
  • Annual iron ore and pellets sales volumes totaled 343.1 Mt in 2017, remaining practically in line with 2016;
  • Quarterly iron ore production totaled 93.4 Mt in 4Q17, 1.8% lower than in 3Q17, as a result of the value over volume strategy and the historical weather related seasonality;
  • Quarterly iron ore production record in the Northern System of 46.7 Mt, 1.7 Mt higher than in 3Q17 and 6.1 Mt higher than in 4Q16.

Find out more about our iron ore and pellet activities
Nickel

Nickel

  • Annual production of 288,200 t in 2017, 7.3% lower than in 2016, mainly as a result of Vale’s commitment to maximize cash generation;
  • Annual production from VNC of 40,300 t in 2017, 6,000 t higher than in 2016.

Find out more about our nickel activities
Coal

Coal

  • Annual production record at Moatize of 11.3 Mt in 2017, 5.8 Mt higher than in 2016;
  • Quarterly production of 2.6 Mt, 0.6 Mt lower than in 3Q17 mainly due to an already addressed failure in one of the hydraulic excavators.

Find out more about our coal activities
Copper

Copper

  • Annual production2 of 438,500 t in 2017, remaining practically in line with 2016;
  • Annual production record at Salobo of 193,400 t in 2017, 17,500 t higher than in 2016;
  • Quarterly production record at Salobo of 53,000 t in 4Q17, 1,200 t higher than in 3Q17 and 3,200 t higher than in 4Q16.

Find out more about our copper activities

4Q17 Financial Report

On Tuesday, February 27, we will release our 4Q17 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 closes 2017 with production records of iron ore, pellets, gold and coal