Brazil’s Vale ramps up iron ore production by 8% in Q3

摘要

Vale, a Brazilian producer of iron ore, continues ramping up production to remain a leader in the market. In Q3 2014, Vale made some 85.7 million t of iron ore (up 7.9% q-o-q) due to gradually bringing equipment of No.2 plant in Carajas and Concecao Itabiritos plant (sub-division of Southeastern System) to their designed capacities. Nevertheless, in annual comparison, production rise turned out more limited, reaching a mere 3.1%).