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Released July 17, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Global metals producer Vale S.A. (Rio de Janeiro, Brazil) reported on Monday a record output of 96.8 million tons of iron ore in the just-ended fiscal quarter, despite a nationwide truck drivers' strike in Brazil. Industrial Info is tracking $16.8 billion in Vale projects across the globe.
Click on the image at right for a graph showing Vale project activity by global region.
The disruptions caused by the drivers' strike in May caused many companies to declare force majeure, Vale noted, but the mining firm said it used its extensive supply chain and production base to achieve the record production for the quarter ended June 30. Sales volumes for iron ore and pellets totaled 86.5 million tons in the second quarter, about 4.8 million tons more than in the same period last year, the company said.
Nickel production totaled 66,200 tons, primarily as a result of the return to production of its Matsusaka refinery in Japan following scheduled maintenance in the first quarter, the company said.
Copper output was 97,900 tons, which was 4,600 tons more than in the first quarter of 2018, due largely to the return to production of the company's Coleman mine in Sudbury, Ontario. The mine was shut down in 2017 for repair work.
Vale's cobalt production was 1,302 tons in the second quarter, in line with production in the first quarter this year. Cobalt production at the company's Long Harbour refinery in Newfoundland and Labrador reached 415 tons in the second quarter, 11% and 19% higher than in 1Q18 and 2Q17, respectively. The company reported that cobalt production is anticipated to increase in the second half of this year as feed from the Coleman mine is processed through the Port Colborne refinery, which is located on the Niagara Peninsula on Lake Erie in southern Ontario.
Gold production as a byproduct of nickel and copper concentrates totaled 114,000 ounces, while coal production totaled 2.9 million tons.
Industrial Info is tracking more than $2.9 billion in Vale project activity in Canada. Construction kicked off in January on Vale's $577 million expansion of its Copper Cliff underground nickel mining operation near Sudbury.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Click on the image at right for a graph showing Vale project activity by global region.The disruptions caused by the drivers' strike in May caused many companies to declare force majeure, Vale noted, but the mining firm said it used its extensive supply chain and production base to achieve the record production for the quarter ended June 30. Sales volumes for iron ore and pellets totaled 86.5 million tons in the second quarter, about 4.8 million tons more than in the same period last year, the company said.
Nickel production totaled 66,200 tons, primarily as a result of the return to production of its Matsusaka refinery in Japan following scheduled maintenance in the first quarter, the company said.
Copper output was 97,900 tons, which was 4,600 tons more than in the first quarter of 2018, due largely to the return to production of the company's Coleman mine in Sudbury, Ontario. The mine was shut down in 2017 for repair work.
Vale's cobalt production was 1,302 tons in the second quarter, in line with production in the first quarter this year. Cobalt production at the company's Long Harbour refinery in Newfoundland and Labrador reached 415 tons in the second quarter, 11% and 19% higher than in 1Q18 and 2Q17, respectively. The company reported that cobalt production is anticipated to increase in the second half of this year as feed from the Coleman mine is processed through the Port Colborne refinery, which is located on the Niagara Peninsula on Lake Erie in southern Ontario.
Gold production as a byproduct of nickel and copper concentrates totaled 114,000 ounces, while coal production totaled 2.9 million tons.
Industrial Info is tracking more than $2.9 billion in Vale project activity in Canada. Construction kicked off in January on Vale's $577 million expansion of its Copper Cliff underground nickel mining operation near Sudbury.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
