A summary of Vale's iron ore and coal results for the fourth quarter of 2020 - ending on December 31, 2020 - as stated in its latest production and sales report released on Thursday February 4.
In briefSales of iron ore fines and pellets into China over the fourth quarter hit a record high of 64 million tonnes, compared with 58 million tonnes the previous year. Total production was in line with 2019 because of the resumption of previously halted operations in Vargem Grande and Timbopeba, the S11D ramp up and full-year operation of the Alegria site. Iron ore fines production in the September-December quarter was 4.7% lower year on year because of higher rainfalls and tailings disposal restrictions in the Southeastern System. The Brazilian miner ended 2020 with 322 million tonnes of production capacity. Vale expects to achieve a 350-million-tonne capacity by 2021-end amid the gradual resumption of previously halted operations. Vale's iron ore pellet production declined due to lower pellet...