Vale’s iron ore production in Q2 rose 7.4 percent year-on-year to 85.3 million mt, setting a new record for a Q2 period. The volume also represents the company’s second highest production level for a three-month period in its entire history, it said on Thursday.
According to Vale, the company’s total iron ore output in Q2, which includes the purchase of the commodity from third party companies, totaled 89.3 million mt, 7.8 percent up year-on-year, from 82.8 million mt in Q2 2014.
Vale’s pellet output in Q2 reached 12.2 million mt, 23 percent up, year-on-year. Total iron ore production in H1 rose 6.2 percent, year-on-year, to 150.5 million mt, the company said.
In Q2, Vale produced 9.8 million mt of iron ore containing 65.1 Fe at its N4WS mine.
Vale also said it received in May this year an operational license to extend its N5S mine, which will “guarantee an improvement of the average quality of our product and will reduce our production cost due to the lower sterile-ore ratio and to the smaller average distances of transportation” at its Carajas mine.