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Vale set to regain previous iron ore pellets output in 2022 after mine ramp ups

Vale set to regain previous iron ore pellets output in 2022 after mine ramp ups Brazil’s Vale expects to increase its iron ore pellets production “slightly” in 2021 following 2020’s plunge and to ramp back up to its previous production levels of between 50 million and 60 million mt/year in 2022, depending on demand, executive director, ferrous minerals, Marcello Spinelli told analysts on a Q4 2020 results webcast Feb. 26. “The main restriction is production of pellet feed,” Spinelli said, noting the company is still under capacity at various mines in its south and southeastern systems where dam operations were curtailed following the Brumadinho tailings dam accident in January 2019.

Vale S A (VALE) Q4 2020 Earnings Call Transcript

Vale S.A. (VALE) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Vale S.A. (NYSE: VALE) Operator Good morning, ladies and gentlemen. Welcome to Vale s Conference Call to discuss 4Q 20 Results. [Operator Instructions] As a reminder, this conference is being recorded and their recording will be available on the company s website at vale.com at the Investors link. This conference call is accompanied by a slide presentation also available at the Investors link at the company s website and is transmitted via Internet as well. They re broadcasting via Internet both the audio and the slide changes has a few seconds delay in relation to the audio transmitted via phone.

Vale S A (VALE) Q4 2020 Earnings Call Transcript

Vale S A (VALE) Q4 2020 Earnings Call Transcript
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Vale releases 2020 production and sales report

Although the pandemic-related impacts and measures reduced productivity in all businesses and postponed the start-up of the new iron ore assets in 2020, Vale remains confident to achieve 400 million tpy capacity by the end of 2022.

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