Vale´s Production Report for the second quarter of 2021 (2Q21) was released on Monday, July 19th. The company completed another quarter of iron ore production growth (+11%q/q) and achieving a current capacity of 330 Mtpy, which if sustained could allow for an average of 1 Mt per day production in 2H21, due to the favorable seasonality from better weather conditions in the period.
On Base Metals, the first ore production on its Reid Brook deposit at the Voisey’s Bay Mine Expansion Project was an important achievement to the continued delivery of quality, predictable and responsibly sourced material to market.
The unmanned train operation in Timbopeba is performing well and the maintenance of ship loader 6 (CN6) at the Ponta da Madeira Maritime Terminal was executed as scheduled, causing no impact in this year’s expected shipments.
Coal production posting solid growth both on a quarter-on-quarter and year-over-year. The production is ramping-up in line with the plan to reach the annual production rate of 15Mtpy during the second semester of 2021.