Brazilian miner Vale SA VALE3.SAon Thursday reported a 2.4% decrease in iron ore production in the fourth quarter year-on-year. According to a securities filing, the company reached quarterly iron ore production of 82.47 million tonnes, below the same period from the previous year and down 7.8% from the third quarter. Total iron ore production for .
Brazilian miner Vale produced 89.4 million mt of iron ore fines in the third quarter of 2021, 18.1% higher than in Q2 and up just 0.8% on Q3 2020, the company said late Oct. 19. However, the company expects production for the whole of 2021 to be in the lower part of its annual guidance .
Vale and Sul Americana de Metais S.A. have qualified for a new policy adopted by Brazil’s Jair Bolsonaro administration that aims to streamline the licensing process.