Vale hopes to reach its iron ore production target in the 2nd half

The mining company Vale will increase its iron ore production in the next two quarters compared to last year to reach its target of between 315 million and 335 million tons for the year, supported by seasonality and advances in some activities, according to a presentation published by the company on July 29.

Operations that will contribute to the advancement of production include Serra Leste and Fábrica, which should operate at full capacity, and Brucutu, among others.

Vale had a net income of US$ 7.586 billion between April and June, compared to US$ 995 million a year earlier, with a sharp rise in the price of iron ore amid strong demand from China.

Source: Money Times

To read the full original article, visit the link:  https://www.moneytimes.com.br/vale-quer-bater-sua-propria-meta-de-producao-de-minerio-no-2-semestre/

Sharing is caring!