3Q19 Production Report

About Vale

3Q19 Production Report

Vale´s Production Report for the third quarter of 2019 (3Q19) was announced on Monday, October 14th. The document provides an overview of the company´s operations during the period.

Iron ore fines production reached 86.7 Mt in 3Q19, 35.4% higher than 2Q19. The resumption of Brucutu operations and the partial resumption of the dry processing operations at the Vargem Grande Complex, announced in June and July, respectively, contributed to this result. Vale's pellet production amounted to 11.1 Mt in 3Q19, 22.7% higher than 2Q19, mainly due to higher productivity from pellet plants after a maintenance period in 2Q19 and also to the resumption of Brucutu operations.

Iron ore fines and pellet sales volume amounted to 85.1 Mt in 3Q19, 20.2% higher than 2Q19 as a result of the above mentioned production resumption.

Vale expects to resume the remaining production of approximately 50 Mt by 2021, as several milestones were achieved and others are ongoing.

Download 3Q19 Production Report

See highlights of some of our businesses:

Iron ore

  • Iron ore fines production reached 86.7 Mt in 3Q19, 35.4% higher than 2Q19.
  • The resumption of Brucutu operations and the partial resumption of the dry processing operations at the Vargem Grande Complex, announced in June and July, respectively, contributed to this result.
  • Vale’s pellet production amounted to 11.1 Mt in 3Q19, 22.7% higher than 2Q19, mainly due to higher productivity from pellet plants after a maintenance period in 2Q19 and to the resumption of Brucutu operations.
Find out more about our iron ore and pellet activities

Nickel

  • Production of finished nickel reached 51.4 kt in 3Q19, 14.2% higher than 2Q19 and 7.7% lower than 3Q18.
  • The increase over 2Q19 is due to the resumption to regular production from Sudbury and PTVI source feed after the scheduled and unscheduled maintenance activities at the Copper Cliff Nickel Refinery, in Sudbury, as well as at the Clydach, Matsusaka and Long Harbour refineries.
  • Nickel sales volumes were 50.9 kt in 3Q19, 11.5% lower than 2Q19, as a result of the higher sales in 2Q19 from the drawdown of saleable product inventories at that time.
Find out more about our nickel activities

Copper

  • Copper production reached 98.3 kt in 3Q19, in line with 2Q19 and 4.0% higher than 3Q18.
  • Strong operational performance at Salobo more than offset lower production from Sudbury and Sossego.
  • Sales volumes of copper reached 92 kt in 3Q19, 3.2% lower than in 2Q19, reflecting the buildup of inventories as well as timing of customer deliveries.
Find out more about our copper activities

Coal

  • Coal production totaled 2.3 Mt in 3Q19.
  • The production was in line with 2Q19, still affected by lower productivity at the processing plants, caused by a decrease in equipment availability, despite high total movement in the mine front.
  • Coal sales totaled 2.2 Mt in 3Q19, 7.7% higher compared to the sales in 3Q18.
Find out more about our coal activities

3Q19 Financial Report

The 3Q19 financial report will be released on October 24th. On October 25th, some of our key executives will participate in webcasts in portuguese and in english with investors to present the quarter’s results. Click here to learn more about webcasts.