According to the reports, Vale’s iron ore production were up 3.3 % in Q3 CY’17 to 95.1 MnT against 92.1 MnT in Q3 CY’16 mainly due to the better operational performance in the Northern System and the S11D ramp-up in Brazil’s Carajás region, which started up in December 2016.
On quarterly basis, company’s iron ore production increased by 3.6% Q-o-Q in Q3CY’17 to against 91.8 MnT Q2 CY17. Iron ore productions in first nine months of CY17 were up 6.5% to 275.15 MnT, against 256.4 MnT in the same period last year.
The Northern System, which comprises Carajás, Serra Leste and S11D, achieved a quarterly record of 45.0 MnT in Q3 CY17, 8.5% and 16.4% higher than in Q2 CY17 and Q3 CY16, respectively, mainly due to the ramp-up of S11D, which is advancing according to plan, plus better operational performance in the mine and plant at Carajás and the weather-related seasonality.
Meanwhile, Vale noted that production of iron ore with high silica content from its southern and south-eastern systems was reduced by an annualized rate of 19 million tonnes.
The miner’s total production will therefore be within the lower end of the 360-380 MnT guidance range for 2017.
Vale’s pellet production increased by 5% Q-o-Q in Q3 CY17 – Due to higher productivity an reduction in number of scheduled maintenance stoppages, Vale’s pellet production moved up in the mentioned quarter. Its pellet production was recorded at 12.77 MnT pellets in Q3 CY17, compared to 12.22 MnT in the previous quarter.
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