Vale (NYSE: VALE) said Wednesday that it planned to succeed in an iron ore capacity of 400 million tons consistent with the year through the expansion of production from its consistent reserves.
Lately, the company has the capacity to produce 318 million tons in line with the year. In 2018, before the collapse of the Brumadinho dam, Vale produced 385 million tons.
In a presentation of the site to investors, the iron ore giant did not give a planned date to be successful at the new point of production, but said it could be successful at 450 million tonnes of year-on-year capacity in the future. .
Vale resumed operations at pre-pandemic levels, with exports reaching 33. 4 million tonnes in July, almost 60% more than in May. By 2020, Vale has a production target of between 310 million and 330 million tonnes.
This month, the company began generating fine high-quality iron ore for granulation at its new 3 million-tonne milling facility a year at the Shulanghu ore movement terminal in China.
The unit, a partnership with Ningbo Zhoushan Port Group, generates a new product logo, known as GF88. The fine of crushed iron ore uses the company’s flagship product, Carajus Fines, as raw curtains and will meet in part the demand for pellet development in the Chinese metallurgical sector.
Last week, the corporate said his board had approved a payment of R$2,4075 (0. 60 cents) consistent with percentage – $1,4102 (0. 35 cents) consistent with percentage in dividends and $0. 9973 (0. 25 cents) consistent with percentage in form Dividends have stopped since the Brumadinho crisis in January 2019.
It will take place on September 30, Vale said.