Influenced by dam collapse accidents Vale's iron ore output fell 34% year-on-year in the second quarter

Release time：Jul 23, 2019 From：admin

Vale, Brazil, announced its second-quarter production and sales report for the 2019 fiscal year on Monday. The report shows that Vale's second-quarter iron ore production fell sharply by nearly 34% compared to the same period last year, after the company suffered a dam collapse and death in January this year. Many important dams are still in full or partial closure.

Vale's iron ore production fell to 64.457 million tons during the quarter, due to the company's largest mine in the southeast of Minas Gerais during all or most of the quarter. Several major mines in Brucutu are at least partially closed.

The world's largest iron ore exporter also said that the quarterly sales of iron ore in the second quarter also fell 15.5% to 61.945 million tons.

At the same time, Vale's copper production in the second quarter reached 98,300 tons, an increase of 4.8% compared with the previous quarter, which was basically the same as the same period last year. Copper sales reached 95,000 in the second quarter, up 5.1% from the previous quarter, mainly due to production growth and business initiatives taken by Vale.

Coal production in the second quarter totaled 2.4 million tons due to less rainfall, an increase of 7.1% compared to the previous quarter. Total coal sales in the second quarter was 2.1 million tons, down 12.6% from the previous quarter.