Vale News — GMK Center https://gmk.center/en/tag/vale-en/ This is an informational-analytical, discussion platform Wed, 10 Jun 2026 07:54:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png Vale News — GMK Center https://gmk.center/en/tag/vale-en/ 32 32 <![CDATA[Vale sees no signs of a decline in demand on global metals markets – CEO]]> https://gmk.center/en/news/vale-sees-no-signs-of-a-decline-in-demand-on-global-metals-markets-ceo/ Wed, 10 Jun 2026 07:54:34 +0000 https://gmk.center/?post_type=news&p=124711 Brazilian mining company Vale sees no signs of a decline in demand on global metals markets linked to the conflict in the Middle East. This was stated by Chief Executive Officer Gustavo Pimenta in an interview with Bloomberg Television. Furthermore, Vale has seen its margins increase as the war with Iran has disrupted raw material […]

The post Vale sees no signs of a decline in demand on global metals markets – CEO appeared first on GMK.

]]> <![CDATA[Vale increased net profit by 39% y/y in Q1]]> https://gmk.center/en/news/vale-increased-net-profit-by-39-y-y-in-q1/ Thu, 30 Apr 2026 13:05:56 +0000 https://gmk.center/?post_type=news&p=123169 Brazilian mining company Vale increased its net profit by 39% year-on-year in the first quarter of this year, reaching $1.94 billion, according to the company’s report. Net sales revenue for the period rose 14% year-on-year – to $9.26 billion, while production costs increased 13% compared to the same period in 2025. The company’s operating profit […]

The post Vale increased net profit by 39% y/y in Q1 appeared first on GMK.

]]> <![CDATA[Vale increased its iron ore production by 3% y/y in Q1]]> https://gmk.center/en/news/vale-increased-its-iron-ore-production-by-3-y-y-in-q1/ Fri, 17 Apr 2026 09:10:58 +0000 https://gmk.center/?post_type=news&p=122685 Brazilian mining company Vale increased its iron ore production by 3% year-over-year in the first quarter of this year, reaching 69.7 million tons, according to the company’s report. Pellet production for the period reached 8.2 million tons (+13.7% year-on-year) thanks to improved productivity at the Tubarao facilities. In the first quarter, the company increased iron […]

The post Vale increased its iron ore production by 3% y/y in Q1 appeared first on GMK.

]]> <![CDATA[Vale has ordered its first ethanol-powered ocean-going bulk carriers from Shandong Shipping]]> https://gmk.center/en/news/vale-has-ordered-its-first-ethanol-powered-ocean-going-bulk-carriers-from-shandong-shipping/ Mon, 13 Apr 2026 06:47:25 +0000 https://gmk.center/?post_type=news&p=122494 Brazilian mining company Vale has signed a 25-year charter agreement with China’s Shandong Shipping Corporation for the construction of the world’s first two ocean-going ethanol-powered vessels. The new Guaibamax-class bulk carriers, each capable of carrying up to 325,000 tons of iron ore, are scheduled to be delivered to the customer starting in 2029, according to […]

The post Vale has ordered its first ethanol-powered ocean-going bulk carriers from Shandong Shipping appeared first on GMK.

]]> <![CDATA[Vale aims to gradually expand its presence in India]]> https://gmk.center/en/news/vale-aims-to-gradually-expand-its-presence-in-india/ Tue, 31 Mar 2026 08:03:03 +0000 https://gmk.center/?post_type=news&p=122101 Brazilian mining company Vale is looking to expand its business in India, not only by increasing ore shipments to the country but also by exploring other opportunities. Vale’s Executive Vice President of Commercial Operations, Rogerio Nogueira, spoke about this in an interview with Bloomberg. ““India could be an opportunity not just for sales, but also to […]

The post Vale aims to gradually expand its presence in India appeared first on GMK.

]]> <![CDATA[Vale increased iron ore production by 2.6% y/y in 2025]]> https://gmk.center/en/news/vale-increased-iron-ore-production-by-2-6-y-y-in-2025/ Wed, 28 Jan 2026 14:15:42 +0000 https://gmk.center/?post_type=news&p=119345 Brazilian mining company Vale increased its iron ore production by 2.6% year-on-year to 336 million tons last year, according to the company’s report. As noted, this is the highest annual volume since 2018. Production exceeded last year’s forecast (325-335 million tons). Pellet production decreased by 15% year-on-year – to 31.35 million tons at the end […]

The post Vale increased iron ore production by 2.6% y/y in 2025 appeared first on GMK.

]]> <![CDATA[Vale to approve investment in green megahub in Oman in 2026]]> https://gmk.center/en/news/vale-to-approve-investment-in-green-megahub-in-oman-in-2026/ Wed, 14 Jan 2026 14:43:36 +0000 https://gmk.center/?post_type=news&p=118646 This year, a final investment decision is expected on a green steel production complex that Brazilian mining conglomerate Vale plans to build in a special economic zone in Ducmi, Zawya reports. The $5 billion mega-hub project will focus on producing a more environmentally friendly version of Vale’s iron ore pellets and hot briquetted iron (HBI), […]

The post Vale to approve investment in green megahub in Oman in 2026 appeared first on GMK.

]]> <![CDATA[Vale forecasts iron ore price at $100/ton in 2026]]> https://gmk.center/en/news/vale-forecasts-iron-ore-price-at-100-ton-in-2026/ Thu, 04 Dec 2025 11:49:17 +0000 https://gmk.center/?post_type=news&p=117118 Iron ore prices in 2026 will stabilize at around $100/t. This forecast was announced by Brazilian mining company Vale, according to Kallanish. In particular, an increase in supply from large mining companies, the development of the giant Simandou deposit in Guinea, and a gradual decline in demand from China are expected. Vale CEO Gustavo Pimenta […]

The post Vale forecasts iron ore price at $100/ton in 2026 appeared first on GMK.

]]> <![CDATA[Vale lowers its forecast for iron ore production in 2026]]> https://gmk.center/en/news/vale-lowers-its-forecast-for-iron-ore-production-in-2026/ Wed, 03 Dec 2025 09:25:25 +0000 https://gmk.center/?post_type=news&p=117014 Brazilian mining company Vale has lowered its forecast for iron ore production in 2026 to 335-345 million tons, according to a company statement. The previous forecast was 340-360 million tons. This year, the company expects production to reach approximately 335 million tons. Agglomeration is expected to reach 31 million tons in 2025, 30-34 million tons […]

The post Vale lowers its forecast for iron ore production in 2026 appeared first on GMK.

]]> <![CDATA[Vale prepares to redirect ore supplies to India instead of China]]> https://gmk.center/en/news/vale-prepares-to-redirect-ore-supplies-to-india-instead-of-china/ Tue, 11 Nov 2025 08:19:25 +0000 https://gmk.center/?post_type=news&p=115754 Brazilian mining company Vale is preparing to meet growing demand for iron ore from India, which could double its steel production by the end of the decade. This was stated by the company’s CEO Gustavo Pimenta in an interview with Reuters. In his opinion, increased sales to India and other Asian markets will help offset […]

The post Vale prepares to redirect ore supplies to India instead of China appeared first on GMK.

]]> <![CDATA[Vale increases iron ore production to its highest level since 2018 in Q3]]> https://gmk.center/en/news/vale-increases-iron-ore-production-to-its-highest-level-since-2018-in-q3/ Thu, 23 Oct 2025 10:04:41 +0000 https://gmk.center/?post_type=news&p=114825 Brazilian mining company Vale has demonstrated the highest level of iron ore production since 2018. In the third quarter of 2025, the company produced 94.4 million tons of ore, up 3.8% year-on-year and 12.9% quarter-on-quarter. This is stated in the company’s report. The growth was driven by a new quarterly record at the S11D mine […]

The post Vale increases iron ore production to its highest level since 2018 in Q3 appeared first on GMK.

]]> <![CDATA[Vale has revised its investment targets for 2025]]> https://gmk.center/en/news/vale-has-revised-its-investment-targets-for-2025/ Fri, 12 Sep 2025 08:19:08 +0000 https://gmk.center/?post_type=news&p=113270 Brazilian mining company Vale has revised its investment targets for 2025, lowering them from the previous $5.9 billion to $5.4-5.7 billion, according to Valor International. Vale CEO Gustavo Pimenta said after an event dedicated to COP30 in São Paulo that the reduction in investment does not mean that the company will abandon its strategic projects. […]

The post Vale has revised its investment targets for 2025 appeared first on GMK.

]]> <![CDATA[Vale has resumed operations at the Capanema mine in Brazil]]> https://gmk.center/en/news/vale-has-resumed-operations-at-the-capanema-mine-in-brazil/ Fri, 05 Sep 2025 08:35:28 +0000 https://gmk.center/?post_type=news&p=113014 Brazilian mining company Vale has resumed operations at its Capanema mine in the state of Minas Gerais, according to a company statement. The restart of Capanema will add approximately 15 million tons per year to Vale’s iron ore production, contributing to the achievement of production targets of 340-360 million tons in 2026. The mine will […]

The post Vale has resumed operations at the Capanema mine in Brazil appeared first on GMK.

]]> <![CDATA[Vale increased iron ore production by 3.7% y/y in Q2]]> https://gmk.center/en/news/vale-increased-iron-ore-production-by-3-7-y-y-in-q2/ Wed, 23 Jul 2025 08:52:49 +0000 https://gmk.center/?post_type=news&p=111726 Brazilian mining company Vale increased iron ore production by 3.7% y/y in the second quarter of 2025 – to 83.6 million tons, according to a company statement. The growth was mainly driven by a new record quarterly production volume at the S11D mining project in northern Brazil and strong performance at the Brucutu mine. In […]

The post Vale increased iron ore production by 3.7% y/y in Q2 appeared first on GMK.

]]> <![CDATA[Vale lowers its pellet production target for 2025]]> https://gmk.center/en/news/vale-lowers-its-pellet-production-target-for-2025/ Thu, 03 Jul 2025 09:34:58 +0000 https://gmk.center/?post_type=news&p=110924 Brazilian mining giant Vale has lowered its iron ore pellet production target for the current year to 31-35 million tons (previously 38-42 million tons), Reuters reports. The company cites the market’s oversupply and declining demand for high-quality products. In its securities report, Vale notes that this decision reflects current market conditions. Analysts explain that steel […]

The post Vale lowers its pellet production target for 2025 appeared first on GMK.

]]> <![CDATA[Vale plans to launch low-grade ore to compete in Asia]]> https://gmk.center/en/news/vale-plans-to-launch-low-grade-ore-to-compete-in-asia/ Wed, 21 May 2025 10:10:53 +0000 https://gmk.center/?post_type=news&p=109320 Brazilian mining company Vale, one of the world’s largest iron ore producers, has announced plans to launch a new product – lower iron ore. Deliveries are expected to start in the coming months. The main goal is to strengthen the company’s position in Asian markets, particularly in China, which remains a key consumer of Vale’s […]

The post Vale plans to launch low-grade ore to compete in Asia appeared first on GMK.

]]> <![CDATA[Vale promotes decarbonization of its operations in Oman]]> https://gmk.center/en/news/vale-promotes-decarbonization-of-its-operations-in-oman/ Sun, 18 May 2025 05:25:17 +0000 https://gmk.center/?post_type=news&p=109171 Brazilian mining company Vale has signed an agreement (HOA) with OQ Alternative Energy as part of its strategy to decarbonize its operations in Oman and transition to industrial energy use from renewable sources. This is reported by Zawya. The agreement establishes a framework for the development of renewable energy solutions to power Vale’s concentrator in […]

The post Vale promotes decarbonization of its operations in Oman appeared first on GMK.

]]> <![CDATA[Vale reduced iron ore production by 4.5% y/y in Q1]]> https://gmk.center/en/news/vale-reduced-iron-ore-production-by-4-5-y-y-in-q1/ Wed, 16 Apr 2025 10:10:34 +0000 https://gmk.center/?post_type=news&p=107965 In the first quarter of 2025, Brazilian mining company Vale reduced iron ore production by 4.5% year-on-year and 20.7% quarter-on-quarter to 67.7 million tons. The company said in a statement. As noted, production volumes were affected, in particular, by weather conditions. In January-March this year, pellet production amounted to 7.2 million tons, down 15.2% year-on-year. […]

The post Vale reduced iron ore production by 4.5% y/y in Q1 appeared first on GMK.

]]> <![CDATA[Vale starts financing iron ore project in Canada]]> https://gmk.center/en/news/vale-starts-financing-iron-ore-project-in-canada/ Fri, 14 Mar 2025 12:18:11 +0000 https://gmk.center/?post_type=news&p=106388 Brazilian mining giant Vale has started financing the Iron Bear Iron Ore Project (IBP) in Canada, Mining Weekly reports. Vale has allocated $6.3 million for the first phase of investments (the total amount of investments in the first phase will be $18 million) under a binding commercial agreement with Australia’s Cyclone Metals (CLE). The remaining […]

The post Vale starts financing iron ore project in Canada appeared first on GMK.

]]> <![CDATA[Vale invests $12 billion in expansion of the Carajas field]]> https://gmk.center/en/news/vale-invests-12-billion-in-expansion-of-the-carajas-field/ Sun, 16 Feb 2025 08:03:31 +0000 https://gmk.center/?post_type=news&p=105390 Brazilian mining company Vale is investing 70 billion reais ($12.2 billion) to expand its iron ore and copper mining operations at the Carajas complex in northern Brazil, Reuters reports, citing the country’s authorities. The investments will be made until 2030. Carajas in the state of Pará is Vale’s largest iron ore mining complex. Last year, […]

The post Vale invests $12 billion in expansion of the Carajas field appeared first on GMK.

]]> <![CDATA[Vale gains full control of Baovale iron ore project]]> https://gmk.center/en/news/vale-gains-full-control-of-baovale-iron-ore-project/ Sun, 09 Feb 2025 09:40:27 +0000 https://gmk.center/?post_type=news&p=105129 Brazilian mining company Vale has confirmed that it has bought a 50% stake in its Baovale joint venture, previously owned by its Chinese partner Baoshan Iron & Steel (Baosteel), Reuters reports. The move gives Vale full control of the iron ore project. The deal still needs to be approved by Brazil’s antitrust agency CADE. This […]

The post Vale gains full control of Baovale iron ore project appeared first on GMK.

]]> <![CDATA[Vale increases iron ore production to highest level since 2018]]> https://gmk.center/en/news/vale-increases-iron-ore-production-to-highest-level-since-2018/ Wed, 29 Jan 2025 10:11:49 +0000 https://gmk.center/?post_type=news&p=104747 Brazilian mining company Vale reached its highest level of iron ore production since 2018 in 2024 – 327.67 million tons, up 2% from a year earlier. Pellets production increased by 1.2% y/y – to 36.89 million tons. This is stated in the company’s press release. At the same time, in the fourth quarter, production decreased […]

The post Vale increases iron ore production to highest level since 2018 appeared first on GMK.

]]> <![CDATA[Vale and Saudi Arabia sign agreement on green megahub]]> https://gmk.center/en/news/vale-and-saudi-arabia-sign-agreement-on-green-megahub/ Fri, 17 Jan 2025 09:13:28 +0000 https://gmk.center/?post_type=news&p=104300 Brazilian mining company Vale and the Jubail and Yanbu Royal Commissions have signed an agreement to reserve land for a green steel megahub in the industrial city of Ras Al Khair. This is stated in the message of Vale. The project will be implemented in two stages. It has the potential to produce up to […]

The post Vale and Saudi Arabia sign agreement on green megahub appeared first on GMK.

]]> <![CDATA[Vale completes negotiations for iron ore briquette plant in the US]]> https://gmk.center/en/news/vale-completes-negotiations-for-iron-ore-briquette-plant-in-the-us/ Thu, 12 Dec 2024 10:59:35 +0000 https://gmk.center/?post_type=news&p=103384 Brazilian mining company Vale has announced that it has completed negotiations with the US Department of Energy’s (DOE) Clean Energy Demonstration Office and will begin the first phase of a project to build an industrial-scale briquette plant in Louisiana. At this stage, Vale received $3.8 million from the DOE, which will be used to conduct […]

The post Vale completes negotiations for iron ore briquette plant in the US appeared first on GMK.

]]> <![CDATA[Vale increases iron ore production prospects]]> https://gmk.center/en/news/vale-increases-iron-ore-production-prospects/ Wed, 04 Dec 2024 11:35:53 +0000 https://gmk.center/?post_type=news&p=103120 Brazil’s Vale, one of the world’s largest iron ore producers, has announced ambitious plans to gradually increase its production of raw materials, with the prospect of reaching almost 360 million tons by 2030. The main drivers of this growth will be the modernization and expansion of production capacities at the S11D, Itabira and Brucutu complexes, […]

The post Vale increases iron ore production prospects appeared first on GMK.

]]> <![CDATA[Vale and China’s Jinnan to invest $627 million in Oman processing plant]]> https://gmk.center/en/news/vale-and-chinas-jinnan-to-invest-627-million-in-oman-enrichment-plant/ Tue, 29 Oct 2024 10:44:27 +0000 https://gmk.center/?post_type=news&p=101868 Brazilian mining company Vale and Chinese steel producer Jinnan Iron&Steel Group have announced a joint investment of $627 million in a processing plant in Oman. This is stated in the report of Vale. The facility will be located in the port city of Sohar. It is planned that the plant will start operating in 2027. […]

The post Vale and China’s Jinnan to invest $627 million in Oman processing plant appeared first on GMK.

]]> <![CDATA[Key global mining companies increased iron ore production in Q3]]> https://gmk.center/en/news/key-global-mining-companies-increased-iron-ore-production-in-q3-2/ Wed, 16 Oct 2024 09:46:04 +0000 https://gmk.center/?post_type=news&p=101428 The world’s key mining companies, Rio Tinto and Vale, increased iron ore production in the third quarter of 2024, despite the fact that demand from the world’s largest iron ore consumer, China, was mostly unstable and weak due to economic uncertainty and the real estate crisis. According to the quarterly report of Australia’s Rio Tinto, […]

The post Key global mining companies increased iron ore production in Q3 appeared first on GMK.

]]> <![CDATA[Vale has raised its iron ore production forecast for 2024]]> https://gmk.center/en/news/vale-has-raised-its-iron-ore-production-forecast-for-2024/ Thu, 12 Sep 2024 07:25:46 +0000 https://gmk.center/?post_type=news&p=100217 Brazilian mining company Vale announced that this year it plans to produce 323-330 million tons of iron ore. It is reported by Bloomberg, According to Vale, the annual forecast was revised due to outperformance in the first half of the year, modernization of processes and logistics, as well as positive profitability in all operating segments […]

The post Vale has raised its iron ore production forecast for 2024 appeared first on GMK.

]]> <![CDATA[Vale and Midrex to cooperate in the use of iron ore briquettes at DR plants]]> https://gmk.center/en/news/vale-and-midrex-to-cooperate-in-the-use-of-iron-ore-briquettes-at-dr-plants/ Thu, 05 Sep 2024 07:21:38 +0000 https://gmk.center/?post_type=news&p=100004 Brazilian mining company Vale and Midrex Technologies have agreed to cooperate in promoting a technical solution for the use of iron ore briquettes in direct reduction plants. This is stated in a press release from Midrex. The companies signed a technical cooperation agreement. The agreement expands the cooperation between the parties and the testing work […]

The post Vale and Midrex to cooperate in the use of iron ore briquettes at DR plants appeared first on GMK.

]]> <![CDATA[Vale plans to launch ethanol-powered mining dump trucks]]> https://gmk.center/en/news/vale-plans-to-launch-ethanol-powered-mining-dump-trucks/ Fri, 30 Aug 2024 05:00:51 +0000 https://gmk.center/?post_type=news&p=99639 Brazilian mining company Vale, in partnership with Komatsu and Cummins, plans to modernize its fleet of mining dump trucks that will use a mixture of ethanol and diesel as fuel. This is stated in the company’s press release. The dump trucks, which will run on a dual fuel system, will be the world’s first trucks […]

The post Vale plans to launch ethanol-powered mining dump trucks appeared first on GMK.

]]> <![CDATA[Vale increased iron ore production by 2.4% y/y in Q2]]> https://gmk.center/en/news/vale-increased-iron-ore-production-by-2-4-y-y-in-q2/ Wed, 17 Jul 2024 13:11:54 +0000 https://gmk.center/?post_type=news&p=98829 Brazilian mining company Vale has expressed confidence that it will reach the upper end of its 2024 forecast for iron ore production after increasing production in the second quarter. This is stated in the latest report of the company. In April-June, the company increased ore production by 2.4% y/y and by 13.8% q/q – up […]

The post Vale increased iron ore production by 2.4% y/y in Q2 appeared first on GMK.

]]> <![CDATA[Vale and Ternium to build iron ore briquette plant in Brazil]]> https://gmk.center/en/news/vale-and-ternium-to-build-iron-ore-briquette-plant-in-brazil/ Sun, 16 Jun 2024 07:34:49 +0000 https://gmk.center/?post_type=news&p=97758 Brazil’s Vale and Latin America’s leading steelmaker Ternium will build a briquette plant in Santa Cruz, a suburb of Rio de Janeiro. This is reported by SteelOrbis. In this way, Ternium aims to reduce emissions from its slab production, which is expected to decrease by 10%, as briquettes will reduce the use of sinter in […]

The post Vale and Ternium to build iron ore briquette plant in Brazil appeared first on GMK.

]]> <![CDATA[Vale increased iron ore production by 7% y/y in Q1]]> https://gmk.center/en/news/vale-increased-iron-ore-production-by-7-y-y-in-q1/ Thu, 18 Apr 2024 09:18:10 +0000 https://gmk.center/?post_type=news&p=95967 Brazilian mining company Vale increased its iron ore production by 6% in January-March 2024 compared to the same period in 2023, to 70.8 million tons. This is stated in the report on the company’s website. «The increase in production was achieved due to improved operating performance of the S11D division, as well as continued asset […]

The post Vale increased iron ore production by 7% y/y in Q1 appeared first on GMK.

]]> <![CDATA[Vale and China’s CSU establish hydrogen steel industry laboratory]]> https://gmk.center/en/news/vale-and-chinas-csu-establish-hydrogen-steel-industry-laboratory/ Tue, 09 Apr 2024 07:34:50 +0000 https://gmk.center/?post_type=news&p=95628 The Brazilian mining company Vale and China’s Central South University (CSU) in Hunan Province have set up a joint laboratory for low-carbon and hydrogen metallurgy. This is reported by Kallanish. The laboratory in Changsha focuses on basic and applied research in the field of low-carbon and hydrogen steel technologies. It currently has six main research […]

The post Vale and China’s CSU establish hydrogen steel industry laboratory appeared first on GMK.

]]> <![CDATA[Vale announced the acquisition of a full stake in energy supplier AGE]]> https://gmk.center/en/news/vale-announced-the-acquisition-of-a-full-stake-in-energy-supplier-age/ Tue, 02 Apr 2024 02:36:48 +0000 https://gmk.center/?post_type=news&p=95341 The Brazilian mining company Vale has signed a commitment to acquire a 45% stake in the energy company Aliança Geração de Energia (AGE), a joint venture with Cemig Geração e Transmissão. After the deal closes, Vale will own 100% of AGE’s shares. It is reported by Kallanish. The deal is estimated at BRL 2.7 billion […]

The post Vale announced the acquisition of a full stake in energy supplier AGE appeared first on GMK.

]]> <![CDATA[Vale begins talks on iron ore briquette plant in the US]]> https://gmk.center/en/news/vale-begins-talks-on-iron-ore-briquette-plant-in-the-us/ Wed, 27 Mar 2024 10:21:00 +0000 https://gmk.center/?post_type=news&p=95177 The US Department of Energy has selected Vale USA (a subsidiary of the Brazilian mining company Vale) to begin negotiations on financing for the construction of an iron ore briquette plant worth up to $282.9 million. This is stated in a statement on the company’s website. Vale’s project envisages the development of an innovative iron […]

The post Vale begins talks on iron ore briquette plant in the US appeared first on GMK.

]]> <![CDATA[Japanese bank to provide a loan to Vale to secure iron ore supplies to the country]]> https://gmk.center/en/news/japanese-bank-to-provide-a-loan-to-vale-to-secure-iron-ore-supplies-to-the-country/ Thu, 21 Mar 2024 11:56:56 +0000 https://gmk.center/?post_type=news&p=94968 The Japan Bank for International Cooperation (JBIC) has agreed to provide a loan of up to $480 million to Brazilian mining company Vale to help Japanese companies secure pellets and iron ore concentrate. This is stated on the website of the financial institution. The loan is co-financed with private financial institutions, bringing the total amount […]

The post Japanese bank to provide a loan to Vale to secure iron ore supplies to the country appeared first on GMK.

]]> <![CDATA[Vale aims for annual ore production of 340-360 million tons by 2026]]> https://gmk.center/en/news/vale-aims-for-annual-ore-production-of-340-360-million-tons-by-2026/ Mon, 26 Feb 2024 12:33:31 +0000 https://gmk.center/?post_type=news&p=94048 Brazilian mining company Vale expects to reach annual iron ore production of 340-360 million tons by 2026 as it continues expansion projects following recent stabilization. This was announced by the company’s CEO Eduardo Bartolomeo, S&P Global reports. According to him, key projects are underway to increase production capacity by 15 million tons at Vargem Grande, […]

The post Vale aims for annual ore production of 340-360 million tons by 2026 appeared first on GMK.

]]> <![CDATA[Vale increased iron ore production by 4.3% y/y in 2023]]> https://gmk.center/en/news/vale-increased-iron-ore-production-by-4-3-y-y-in-2023/ Wed, 31 Jan 2024 12:09:34 +0000 https://gmk.center/?post_type=news&p=93153 Brazil’s largest mining company Vale increased iron ore production by 4.3% year-on-year – to 321.15 million tons in 2023. This is stated in a report on the company’s website. Production volumes exceeded the forecast of 315 million tons. In the fourth quarter of 2023, Vale increased iron ore production by 10.6% y/y – to 89.4 […]

The post Vale increased iron ore production by 4.3% y/y in 2023 appeared first on GMK.

]]> <![CDATA[Vale opened the first plant for the production of iron ore briquettes in Brazil]]> https://gmk.center/en/news/vale-opened-the-first-plant-for-the-production-of-iron-ore-briquettes-in-brazil/ Wed, 13 Dec 2023 08:29:13 +0000 https://gmk.center/?post_type=news&p=91602 Mining company Vale has opened the world’s first iron ore briquette plant at its Tubarão facility in Brazil. According to the company, more than 30 global customers have already expressed interest in the product. «The product developed by Vale could revolutionize the steel industry by reducing greenhouse gas emissions from blast furnaces by up to […]

The post Vale opened the first plant for the production of iron ore briquettes in Brazil appeared first on GMK.

]]> <![CDATA[Vale expects to produce 310-320 million tons of iron ore in 2024]]> https://gmk.center/en/news/vale-expects-to-produce-310-320-million-tons-of-iron-ore-in-2024/ Thu, 07 Dec 2023 08:59:15 +0000 https://gmk.center/?post_type=news&p=91386 Brazilian mining company Vale expects to produce 310-320 million tons of iron ore in 2024, maintaining its production target for the second year in a row. This is reported by S&P Global. At an investor event, the company said that this year’s production should reach about 315 million tons, which is in line with its […]

The post Vale expects to produce 310-320 million tons of iron ore in 2024 appeared first on GMK.

]]> <![CDATA[Vale transports iron ore for the first time in a biofuel-powered bulker]]> https://gmk.center/en/news/vale-transports-iron-ore-for-the-first-time-in-a-biofuel-powered-bulker/ Tue, 05 Dec 2023 03:37:00 +0000 https://gmk.center/?post_type=news&p=91260 Brazilian mining company Vale has announced that it has shipped iron ore by a biofuel-powered bulk carrier for the first time. The transportation is carried out in partnership with Oldendorff Carriers. On October 16, the Hinrich Oldendorff vessel with a deadweight of more than 209,000 tons was refueled in Singapore with a mixture of used […]

The post Vale transports iron ore for the first time in a biofuel-powered bulker appeared first on GMK.

]]> <![CDATA[Vale exported 148 million tons of iron ore in January-August]]> https://gmk.center/en/news/vale-exported-148-million-tons-of-iron-ore-in-january-august/ Thu, 02 Nov 2023 03:55:04 +0000 https://gmk.center/?post_type=news&p=89994 In January-August 2023, the Brazilian mining company Vale increased the export of iron ore by 0.6% y/y – up to 148 million tons. SteelOrbis informs about it with the reference to Sinferbase data. In August 2023, the volume of iron ore exports increased by 3.9% compared to the previous month and decreased by 1.9% by […]

The post Vale exported 148 million tons of iron ore in January-August appeared first on GMK.

]]> <![CDATA[Vale forecasts higher global iron ore sales in Q4]]> https://gmk.center/en/news/vale-forecasts-higher-global-iron-ore-sales-in-q4/ Tue, 31 Oct 2023 14:33:38 +0000 https://gmk.center/?post_type=news&p=89949 Brazilian miner Vale expects global iron ore sales and prices to be slightly higher in the fourth quarter of 2023 than in the previous quarter. Marcello Spinelli, executive vice president of Vale (Iron Solutions) stated about it during discussing the company’s financial results in July-September, reports S&P Global. He noted that the company sees a […]

The post Vale forecasts higher global iron ore sales in Q4 appeared first on GMK.

]]> <![CDATA[Vale increased iron ore exports by 1.1% y/y in January-July]]> https://gmk.center/en/news/vale-increased-iron-ore-exports-by-1-1-y-y-in-january-july/ Mon, 02 Oct 2023 14:21:29 +0000 https://gmk.center/?post_type=news&p=88782 In January-July 2023, the Brazilian mining company Vale increased the export of iron ore by 1.1% y/y – up to 124.46 million tons, informs SteelOrbis with the reference to Sinferbase data. In July 2023, the volume of iron ore exports increased by 2.2% compared to the previous month and by 1.8% by July 2022 – […]

The post Vale increased iron ore exports by 1.1% y/y in January-July appeared first on GMK.

]]>