Mineweb reported today that Vale (NYSE:VALE) has reported its strongest ever iron ore production for the second quarter of 2014. Operational performance was bolstered by good weather and plant ramp-ups, according to Mineweb.
As quoted in the publication:
The Brazilian miner reported 79.4 million tons of iron ore production in the second quarter of this year, up 12.6% over 70.6 million tons in the second-quarter 2013. For the first half of the year, the company reported 150.51 million tons of iron ore output, up 11.1% over 135.43 million tons of iron output for the first half of last year, thus increasing Vale’s confidence in achieving its 2014 production target of 321 million tons.