Vale (NYSE: VALE) said Wednesday that it plans to achieve an iron ore capacity of 400 million tons consistent with the year through the expansion of production from its thrush production.
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 succeed at the new point of production, but said it could succeed in 450 million tons of capacity consistent with the year “in the future. “
Vale resumed operations at the pre-pandemic level, 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 crushed iron ore uses the company’s flagship product, Carajás Fines, as raw curtains and will partially meet the demand for developing pélets in the Chinese metal industry.
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.