Check out our 3Q14 Production Report: highest ever third-quarter iron ore output

About Vale

10/23/2014

Check out our 3Q14 Production Report: highest ever third-quarter iron ore output

Our Production Report for the third quarter of 2014 was disclosed today, Thursday, October 23. The document presents an overview of our operations in this period.

The highlight was iron ore production, which reached 85.7 million metric tons (Mt), excluding output attributed to Samarco – a new record for a third quarter, with gains across all systems compared with 2Q14. Our strong operational performance was due to the ramp-ups of Plant 2, in Carajás, and Conceição Itabiritos, in our Southeast System.


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Download our 3Q14 Production Report and read about our performance.

Download Production Report 3Q14

See highlights of some of our businesses in the infographic:

Iron ore and pellets

In 3Q14, Vale’s iron ore production (excluding output attributed to Samarco) was the highest in its history, reaching 85.7 Mt, up 0.7 Mt on the previous record of 85.0 Mt set in 3Q11. In the 12 months up to September 30, 2014, our iron ore production (excluding Samarco) amounted to 317.5 Mt. Despite the strong production figures, our shipments fell by 3.6 Mt, mainly due to the shutdown of the Carajás Railway in late September. Including the 3.6 Mt of ore that was not shipped out, Vale’s iron ore stocks expanded by 9.3 Mt throughout the production chain.

Excluding the 3.3 Mt of output attributed to Samarco, Vale’s pellet production was 11.4 Mt in 3Q14, up 15.0% and 17.6% from 2Q14 and 3Q13, respectively, due to the ramp-ups of our Tubarão VIII and Oman pelletizing 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

Vale’s nickel production reached 72,100 metric tons in 3Q14, up 16.9% and 16.4% from 2Q14 and 3Q13, respectively. Our 3Q14 output was our highest for a third quarter since 3Q08, despite the scheduled maintenance shutdown at Thompson in 3Q14.

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

Our total coal production in 3Q14 amounted to 2.3 Mt, up 5.9% from 2Q14, mainly due to better operational performance at Carborough Downs, Moatize and Isaac Plains.

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 3Q14, our copper output was 104,800 metric tons, up 29.3% and 10.8% from 2Q14 and 3Q13, respectively, and setting a new production record. 3Q14 copper production at Salobo totalled 25,900 metric tons, a new record for the operation, boosted by the ramp-up of Salobo II.

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 3Q14, our potash production amounted to 140,000 metric tons, up 45.0% and 5.5% from 2Q14 and 3Q13, respectively, for the following reasons: (a) greater physical availability of equipment; (b) richer mineral content in our mine; and (c) recovery from the corrective shutdown on conveyor belts that happened the previous quarter.

Our total phosphate rock production reached 2.2 Mt – record performance for a third quarter, up 1.7% and 2.6% from 2Q14 and 3Q13, respectively.

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


3Q14 Financial Report

On Thursday, October 30, we will release our 3Q14 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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Check out our 3Q14 Production Report: highest ever third-quarter iron ore output