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Vale Produces Over 100 Million Tonnes of Iron Ore in Q3
Oct. 26, 2018 09:06AM PST
Base Metals Investing Iron ore production was up 10.3 percent year-on-year and 8.5 percent over the second quarter – though all other commodities were down both year-on-year and quarterly including nickel, coal, cobalt and gold.
Brazilian iron-ore miner Vale (NYSE:VALE) has released its third quarter report, announcing it produced over a hundred million tonnes of iron ore in the three months ending September 30 with credit given to the ramp-up of the S11D complex.
CFO of Vale, Luciano Siani Pires said:
“We surpassed the historical milestone of over a hundred million tons of iron ore produced in a quarter. And we also broke records for pellet production.”
Iron ore production was up 10.3 percent year-on-year and 8.5 percent over the second quarter – though all other commodities were down both year-on-year and quarterly including nickel, coal, cobalt and gold.