Vale announces Mozambique’s record results

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Vale announces Mozambique’s record results

12:07 CAT | 20 Oct 2017

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Brazilian mining company Vale reported yesterday that coal production in Mozambique reached a record quarter of 3.2 million tonnes in the third quarter of the year, up 5.8 percent from the previous quarter.

Vale’s report also noted that coal production in Mozambique reached a record quarter of 3.2 million tonnes in the third quarter of the year, up 5.8 percent from the previous quarter.

In relation to the same period of 2016, coal production in Mozambique increased by 38.3 percent.

The report shows that Mozambique’s coking coal production in the third quarter was 1.9 million tonnes, down 9.6 percent from the second quarter of the year.

During the same period, thermal coal production was 1.4 million tonnes, 37.7 percent higher than in the previous quarter.

“The share of metallurgical coal was 58 percent of overall production, due to a combination of geological characteristics and the continuous optimisation of the processing plants.The expectation is that the share of metallurgical coal will to return to 60 to 65 percent of overall production, “Vale said.

“The reduction in the production of metallurgical coal in the third quarter compared to the second quarter was more than offset by the increase in the production of thermal coal, which contributed to reduce the share of metallurgical coal to 58 percent of the total production, the company said.

The Brazilian miner also noted that its logistics operations in Mozambique reached a record railed volume, reaching 3.5 million tonnes in the third quarter, a result 15 percent above the previous three months.

Iron and nickel

Meanwhile, the company’s iron ore output reached a record 95.1 million tonnes in the third quarter of the year, 3.3 million tonnes more than the previous quarter.

According to the company’s production report, the increase was determined by the improvement in operating performance in the North System and the S11D mine, both operating in Brazil, which reached a quarterly record of 45 million tonnes in the period, producing 8.5 percent more than in the previous quarter.

Vale’s iron and ore sales volumes in the third quarter of the year were lower than production volumes.

According to the company, this implied “a slight increase in stocks as a result of operational needs and market strategies.”

The Brazilian miner’s nickel production reached 72.7 thousand tonnes in the third quarter, up 10.2 percent from the second quarter. The performance was justified by the “Sudbury furnace No.2 returning to production in July, strong production performance in Thompson and the steady performance at Onça Puma”.

Source: Lusa