VALE PRODUCTION IN 1Q16
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Investor Relations Department
Rogério T. Nogueira André Figueiredo Carla Albano Miller
Fernando Mascarenhas Andrea Gutman
Bruno Siqueira Claudia Rodrigues Mariano Szachtman Renata Capanema
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This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de ValoresMobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20 -F.
Production highlights
Rio de Janeiro, April 20, 2016 - Vale S.A. (Vale) reached 77.5 Mt of iron ore production1 in the first quarter of 2016 (1Q16), representing the highest first quarter production in Vale's history.
Carajás achieved a production record for a first quarter of 32.4 Mt in 1Q16, representing an increase of 4.9 Mt (or 17.7%) in relation to 1Q15, mainly due to the excellent performance of the N4WS and N5S mines.
Tubarão pellet plants - Tubarão 3, 4, 5, 6, 7 and 8 - achieved a production record for a first quarter of 7.2 Mt in 1Q16, representing an increase of 100,000 t in relation to 1Q15, mainly due to overall higher performance in the plants.
Nickel production achieved a record for a first quarter of 73,500 t in 1Q16, representing an increase of 4,300 t in relation to 1Q15, mainly due to the operational performance of Sudbury and the record production in Vale New Caledonia (VNC).
Copper production was a record for a first quarter of 109,900 t in 1Q16, representing an increase of 5,300 t in relation to 1Q15, mainly due to the successful ramp-up of Salobo.
Gold production reached a record 118,100 oz in 1Q16, mainly due to the operational performance of Sudbury and the successful ramp-up of Salobo.
Coal production reached 1.7 Mt in 1Q16, 4.9% higher than in 4Q15, due to higher metallurgical coal production in Australia but 1.9% lower than in 1Q15 due to lower production in Moatize.
1 Excluding Samarco's attributable production and including iron ore acquired from third parties
Production summary% change | |||||
000' metric tons | 1Q16 | 4Q15 | 1Q15 | 1Q16/4Q15 | 1Q16/1Q15 |
Iron ore1 | 77,544 | 88,411 | 77,417 | -12.3% | 0.2% |
Pellets1 | 11,478 | 10,377 | 11,388 | 10.6% | 0.8% |
Manganese Ore | 596 | 651 | 592 | -8.4% | 0.8% |
Coal | 1,663 | 1,585 | 1,695 | 4.9% | -1.9% |
Nickel | 73.5 | 82.7 | 69.2 | -11.1% | 6.2% |
Copper2 | 111.9 | 112.5 | 107.2 | -0.6% | 4.4% |
Cobalt | 1.400 | 1.271 | 970 | 10.1% | 44.3% |
Gold (000' oz troy) | 118 | 117 | 103 | 0.6% | 15.1% |
Potash | 111 | 137 | 108 | -19.4% | 2.4% |
Phosphate rock | 1,615 | 2,122 | 1,992 | -23.9% | -18.9% |
¹ Excluding Samarco's attributable production and including third party purchases. ² Including Lubambe's attributable production.
Vale SA issued this content on 20 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 April 2016 21:40:01 UTC
Original Document: http://www.vale.com/EN/investors/information-market/Press-Releases/ReleaseDocuments/PREPORT1T16_i.pdf