Vale’s iron ore and pellet shipments from Brazil and Argentina hit 85.2 million t in 3Q16 – a year-on-year increase of 7.3 million t and 8 million t higher than 2Q16.
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“The increase in shipments is a result of the ongoing elimination of logistics bottlenecks, which allowed inventories to move from the mines to the distribution centres for offshore blending and provided for additional commercial flexibility,” the company said in its latest production report.
The share of offshore inventories increased from 9% to 15% in 2015 and is expected to reach 26% at the end of 2016 before rising to around 35% at the end of 2017.
On the production side, Vale iron ore production hit 92.2 million t in 3Q16, an increase of 5.3 million t on 2Q16 and 1.4 million t on 3Q15. Pellet production was 12.1 million t in 3Q16, in line with the same period in 2015 but 20.1% higher than 2Q16.
Iron ore production was boosted by better operational performance at the mines and plants of the company’s Northern System, the start-up of a new crushing facility at the Fazendão mine, and better productivity in the Southern and Southeastern Systems. This more than offset the impact of Samarco’s Fundão tailing dam failure.
Vale also reported that global recovery rate – the output of final product divided by the total tonnes extracted (including ROM and waste) – rose to 49.4% in 3Q16 from 46.6% in 3Q15.
Pellet production rose on the previous quarter thanks for the resumption of the Fábrica plant and higher feed availability for the Vargem Grande and Tubarão plants.
Read the article online at: https://www.drybulkmagazine.com/shipping/24102016/vale-boosts-iron-ore-and-pellet-shipments-in-3q16/