In recent months, the performance of Vale Mine has been difficult in terms of Saji economy calculations. The company has recently announced that it will not be able to meet some of its production commitments. Vale produced less iron ore than in the previous quarter due to problems at a new plant, a new blow to the steel raw materials market. We will refer to the Bloomberg report in this regard.
*** Iron ore production margins in Vale mine
Iron ore production statistics The world’s second largest iron ore miner, according to Bloomberg data, showed that the mine produced 75.7 million tonnes of iron ore in the second quarter of this year, compared to an estimated 78 million tonnes. These results are still higher than the previous quarter and the period before the corona impact. However, there have been incidents in the production route of this factory that have challenged the projected production route in this factory.
Despite all the uncertainties in the market, the company has tried to improve its performance cross-sectionally. The continuous improvement of Vale Mine’s performance since early 2019 after the failure of the tailings dam has become the main factor in determining the price of iron ore in the market, where demand remains strong despite China’s efforts to prevent the spread of commodity inflation.
*** Surplus factor of iron ore supply in strategic decision making of Vale mine
Despite the reforms it has made in the production of iron ore, Vale Mine is in no hurry to become the best iron ore producer in the world. The issue of excess iron ore supply plays a key role in the current situation. Vale’s ability and willingness to develop and regain Rio Tinto, now the world’s largest producer of iron ore, will help determine whether the market is moving back to oversupply.
While Vale is fixing a rail interruption at one of its complexes in southern Brazil, its production has been halted due to disruptions caused by the installation of crushing plants at its S11D complex in the north of the country. This has challenged the iron ore production process at the mine. It remains to be seen how long these disorders will last.
*** Disorders in the installation process of devices in Vale mine
Rio de Janeiro-based miners have told Bloomberg that disruptions to the installation of crushing plants have delayed the resumption of other activities due to overwork and slower than planned to increase dam safety. In early June, an increase in Vale Mine production was dealt a major blow when concerns were raised about the sustainability of another Tibopeba complex due to concerns about the sustainability of another tailings dam.
In the first quarter of this year, a slight resumption of Timbopeba activity helped boost valerian production. However, Timbopeba performed better thanks to the launch of three additional processing lines in March. Vale is also one of the largest producers of nickel in the world and one of the main suppliers of copper.
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