Iron ore production at Vale lower than expected in 2022

Wednesday, 01 February 2023 23:51:49 (GMT+3)   |   Sao Paulo

The iron ore production at the Brazilian miner Vale totaled 308 million mt in 2022, 2 percent less than in 2021 and less than the target for the year, established at 310 million mt.

According to the company, the decline was due chiefly to licensing delays of the Serra Norte operation and waste processing and operational performance of the S11D mines in the north of the country.

This was partially compensated by production ramp-up at Vargem Grande mine, higher dry processing production at Brucutu mine and higher purchases from third parties in the southeast.

The production of pellets totaled 32 million mt in 2022, 1 percent more than in 2021, with an improved ratio of direct reduction pellets (49 percent of total production, against 41 percent in 2021), leveraging on the higher-quality feed and taking advantage of better market premiums.

During the last quarter of 2022, iron ore fines and pellets sales increased by 22 percent from the previous quarter, reaching 90 million mt, thanks to the utilization inventories formed in Q3.

For 2023, the production target of the company stands in a range of 310 to 320 million mt.

LuizCompagnoni
Luiz Compagnoni
Editor

I am a retired mechanical engineer, covering the steel industry in Latin America, from iron ore to finished products, over the last 20 years.

Marketplace Offers

DRI

Dimensions 9 - 16 mm
 
Tedarikçi SUEZ STEEL CO.
View Offer

Lumps

Dimensions 0 mm
 
Tedarikçi ATAY COMPANY
View Offer

Lumps

Dimensions 0 mm
 
Tedarikçi Wuchan zhongda international group
View Offer

Similar articles

Vale could add 50 million mt to iron ore productive capacity with legislative change

Vale partners with ABB to accelerate digital transformation at Brazilian iron ore operations

Vale net profit declines 34 percent in Q2 2026 versus year earlier

Samarco's Q2 2026 sales up 23 pc from Q1 2026, but remain off 1 pc from 2025

Vale raises iron ore output as pellet production falls in Q2 versus Q1 2026

MRS approves new 15-year iron ore transport agreement with Vale

Vale inaugurates AI-based model plant in Brazil to improve mining safety and efficiency

Vale updates financial estimates for its iron ore business based on Middle East conflict model

Vale net profit jumps 39 percent in Q1 2026 on higher iron ore volumes and prices

Vale iron ore and pellets production increase on yearly basis