Vale released its second quarter production and sales report for the 2018. According to the report, in the second quarter, Vale's iron ore output reached 96.8 million tons, a record high in the same period in history.
In the second quarter, although Vale's offshore inventories increased in support of the continued development of the mixed mining business, sales of iron ore and pellets still recorded a record high in the same period of the previous year, totaling 86.5 million tons, an increase of 4.8 million compared with the same period last year. Ton.
In the second quarter, thanks to the S11D project, the output of the Northern Vale system reached a record high of 46.2 million tons, an increase of 11.4% over the same period of last year; the production of pellets reached 12.8 million tons, the highest in the same period. This was an increase of 600,000 tons compared to the same period last year, mainly due to the resumption of production at Tubarang No. 1 and No. 2 pellet plants. In addition, the St. Louis Pellet Plant is scheduled to resume production in the third quarter of this year, which will support Vale's production of approximately 55 million tons of pellets.
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