Vale's production and sales report for the second quarter of 2019: Affected production capacity is recovering

Release time：Jul 23, 2019 From：admin

ty of 60 million tons is still in production. Freshwater River Valley expects that the annual production capacity of 30 million tons of dry processing operations will gradually resume production from the end of this year, while the annual production capacity of the remaining 30 million tons of wet beneficiation will be Production will resume in about two to three years in the future.

With the restart of production in the Blueukutu mine, Vale reiterated that the company’s guidance sales of iron ore and pellets in 2019 were so announced in the range of 307 million tons to 332 million tons, and the current sales forecast is close to The median of the range.

As the impact of the dam breach gradually subsides, another important factor affecting the supply of iron ore is also reducing its impact.

After the dam break, there was a shortage of products in the southern and eastern regions, and most of the vessels could only choose the port of Madeira in the north. The continuous heavy rain in the northern region has affected the efficiency of loading. The number of days in St. Louis's ships has increased from 6 days in January to 32 days in the peak of May, resulting in the inability to ship goods.

However, this situation is returning to normal, and it is expected that the number of days the ship will be parked in Hong Kong in July is 7 days.

In summary, the factors affecting the production of Vale in the first half of the year will gradually subside, and the impact of dam failure will gradually fade out in the next year.