IRON and STEEL   Iron Ore  

Vale- Iron Ore & Pellet Production Down Q1 CY19 Amid Brumadinho Dam Rupture

Vale- world's largest iron ore producer witnessed drop in iron ore and pellet production for first quarter CY19 due to dam failure in Jan'19 resulting in subsequent halt at numerous mines and tailing dams.

The total iron ore production for the quarter stood at 72.9 MnT, down 28% as against 101 MnT in Q4 CY18. On yearly basis, production fell 11% against 82 MnT in Q1 CY18.

Vale pellet production down 23% Q-o-Q

The miner recorded decline in total pellet output for the quarter at 12.2 MnT, down 23% compared to 15.8 MnT in Q4 CY18. On yearly basis, production recorded 5% drop as against 12.8 MnT in Q1 CY18. The drop was owing to operation halt at Fabrica and Vargem Grande pellet plants due to dam rupture and scheduled maintenance at Tubarao and Oman.

Iron ore & pellet sales down 30% in Q1CY19

Vale recorded iron ore sales at 55.4 MnT for Q1 CY19, down 31% on quarterly basis as compared to 80.5 MnT in Q4 CY18. The iron ore sales fell 22% against 71.22 MnT in Q1CY18. The decline in sales is attributed to production stoppage in Jan'19, and rains impacting shipments from the Ponta da Madeira port in the Northern System. Also, new inventory management procedures at Chinese ports impacted sales by reducing port operational capacity.

Pellet sales for the quarter witnessed by the company at 12.3 MnT, down 23% as compared to 16 MnT in Q4 CY18.

The Oman pellet plant production was 2.0 MnT in Q1 CY19, 25% and 11% lower than in Q4 CY18 and Q1 CY18, respectively, due to scheduled maintenance at line A in January and line B in February.

Sales volume contributed 81% of high grade product

Vale's share of premium products (pellets, Carajás, BRBF, pellet feed and sinter feed low alumina) for Q1CY19 stood almost in line with previous quarter at 81%.

Vale's product portfolio for the quarter reached Fe 64.3%, alumina 1.2% and silica 3.5% as against Fe 64.1%, alumina 1.2% and silica 3.9% in 2018.

FY 19 Guidance: Vale reaffirms its iron ore and pellet sales estimate for the year to be at the low to mid-end of 307-332 MnT.

News No: 4515
Date: 2019/05/14 - 15:04
News Source: SteelMint

Vale  Iron Ore  Pellet  numerous mines 


Leave a Comment:


K92 Mining ups 2019 production guidance

K92 Mining (TSXV: KNT) reported on Thursday its operating and financial results for the second quarter, during which the Vancouver-based gold miner saw record tonnes processed and achieved total production of 19,652 oz gold-equivalent (AuEq) from the Kora North deposit with cash costs of $551/oz gold and AISC of $681/oz gold.

Indian Iron Ore Exports Up 19% in July’19

Indian iron ore export volumes for July’19 stood at 2.13 MnT, up 19% as against 1.79 MnT in June’19. On yearly basis, exports increased significantly compared to July’18 at 0.17 MnT.

India: KIOCL Surpasses Pellet Production Target in Q1 FY20

State-owned pellet maker - KIOCL (Kudremukh Iron Ore Company Ltd) recorded enhanced pellet production for first quarter FY20. The production recorded at 0.61 MnT, above the set target of 0.49 MnT. The production marked 38% increase Y-o-Y as against Q1 FY’19 production at 0.44 MnT.

Northern Minn. iron ore mining company invests in steel industry’s future

In 1956, the giant Northshore Mining plant on the shores of Lake Superior was the first facility built in North America to make pellets out of taconite, a low-grade iron ore. It used a process developed at the University of Minnesota after the supply of high-grade natural ore in the state was nearly mined out.

Price forecast for steel industry based on marginality

World analytics market is full of different kind of forecasts, but mostly unworkable or partly workable. Actually, it doesn’t matter what price will be for raw materials, semifinished products or finished steel products. The target is to calculate the spread between raw materials and steel products. Let’s try to make a forecast from that side.

Odisha to Notify Auctions of 21 Iron Ore Blocks by August Third Week

Locked in a prolonged face-off with the central mines ministry over the relaxation of mining lease area limits, the Odisha government may still pursue on auctions of 21 iron ore blocks presently under the leasehold of merchant miners.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners