Record: Vale brokes production barrier of 100 Mt of iron ore in a quarter

Production Report

Vale’s Production and Sales Report for the third quarter of this year (3Q18) confirms another production record. Published on October 15th, the document informs that 104.9 Mt of iron ore were produced against 96.8 Mt in the second quarter of 2018. Compared to the third quarter of 2017, the increase was 10.3%. As a result, Vale reaches a production rate of 400 Mt per year.

We also hit a new record in iron ore and pellet sales: 98.2 Mt in the third quarter, 4.7 Mt above the previous record in the last quarter of last year (4Q17). Premium products made up 79% of total sales in 3Q18 (vs. 77% in 2Q18), showing that Vale’s superior product portfolio - with high iron content - continued to improve.