Vale's iron ore production reached Mt in 2016, representing a new annual record, Mt higher than in 2015 mainly due to better operational performance at the mines and plants of the ...
Iron ore price collapse wipes billions off top mining stocks MINING Apr 18, 2017 Valemax carriers are 362m long and 65m wide with 400,000 tonnes dead weight capacity. Image of Berge Everest docking at Vale's Teluk Rubiah distribution centre in Malaysia courtesy of the company.
China: Vale's Biggest Buyer . Much of Vale's current woes are traced back to slowing economic growth in China. There is a significant amount of concern surrounding the declining prices of iron ore as it hinges on the health of Vale's economic success in China.
"In 2008, iron ore sales accounted for 43% of Vale's almost 40 billion in annual revenues, with nickel the next largest contributor at 15%. "Geographically, 17% of sales came from China. In 2009, iron ore has accounted for more than 50% of sales, and China's share has grown to nearly 50%.
China: It all began in 1973, when the company sold its first vessel of iron ore to the People's Republic of China. As Vale's supply of iron ore to China gradually expanded, in 1994 the company decided to further expand its partnership with the country by opening an office in Shanghai.
Vale says it could expand Brazil iron ore mine as Chinese demand grows Thursday, Sep 20, 2018 Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for highergrade varieties of the commodity, a company official said on Thursday.
Vale's new truckless S11D Iron ore complex: Thinking outside the box to achieve outstanding results. September 24, 2018 Competitiveness in mining brings Vale's S11D Eliezer Batista Complex to a new operating level, it is the largest lowcost iron ore mining project in the world.
The world's largest iron ore miner Vale plans to operate its Brucutu iron ore mine in Brazil with a fully autonomous fleet of vehicles next year, following a successful trial of driverless technology, to improve production and safety at the operation.
Vale is the world's biggest producer of both iron ore and nickel, with expected 2017 output of 365 million mt and 295,000 mt, respectively. The downside is that in recent years these have been among the most volatile commodities in the world of metals.
Vale's Mariana Hub was the 9th largest iron ore mining center in the world in 2014, with an output of 39 million metric tonnes. Vale's Serra Sull / S11D is the largest mining reserve in the world. The company's iron ore mines are primarily in Brazil. Nickel: Vale is the world's largest nickel producer.