Proforma adjusted EBITDA from continued operations of US$ 19.0 billion in 2023, down 9% mainly due to lower average iron ore, copper, and nickel reference prices in the year. • Iron ore fines C1 cash cost ex-3rd party purchase decreased 5% q/q, reaching US$ 20.8/t in Q4. In 2023, it reached US$ 22.3/t, below the US$ 22.5/t guidance for the year.
Vale's Q3 performance was marked by record iron ore output since 4Q18 and an increase in the production guidance for 2024. In copper, ore processed at Salobo 1 & 2 increased by 30% y/y supported by stronger mill performance. In nickel, performance of the Sudbury mines drove a 20% increase in mill throughput y/y.
What is Vale's Cold Iron Ore Briquette? 1 Patented or in submission process. 2 Considering substitution of sintering. 3 Considering scopes 1 and 2. Briquetting process also has 99% less SOx, 75% less NOx and 20% less particulates emissions than pelletizing process.
Vale's proprietary briquetting technology enables the production of high-quality iron ore agglomerates from the low-temperature process using a technological solution of binders, which gives the final product high mechanical strength. Initial test results have shown promising results in using iron ore briquettes in the direct reduction process.
It reduces the lead time for iron ore transport by about 25 days, and is designed to handle up to 30 million tonnes of iron ore annually. Vale's presence in Malaysia extends beyond its operational area – we believe that as an organization, we are well-positioned to support a sustainable social development in the country.
Vale's big business is the production and sale of iron ore. In 3Q24, for example, the company reported that 83% of its net revenue ($9.5 billion) came from iron ore sales, while the rest came ...
In an active listening process, Vale has been working on an Integral Reparation Plan, which will lead its actions in the coming years to deliver structuring projects able to promote lasting positive impacts for the affected communities. ... which were partially offset by higher iron ore fines C1 cash costs.. Vale's realized price CFR/FOB ...
Our recruitment process has been changing and is in line with the cultural transformation we are going through. Access the job vacancies portal and come be part of this history. ... "The 'green briquette' is part of the revolutionary line of iron ore products offered by Vale throughout its history, as the result of significant investment ...
Vale aims to invest up to US$100 million to build an industrial plant for dry magnetic concentration of low-grade iron ore. The Brazilian technology, known as FDMS (Fines Dry Magnetic Separation), is unique and has been developed by New Steel - …
A journey of almost two decades of research in Vale's laboratories in Minas Gerais took on a new chapter on Tuesday 12th, when the company's president, Eduardo Bartolomeo, symbolically started up the world's first iron ore briquette plant at the Tubarão Unit in Vitória (ES).
Our recruitment process has been changing and is in line with the cultural transformation we are going through. Access the job vacancies portal and come be part of this history. ... Iron Ore. Vale and ROGESA sign pellet supply agreement that points to the transformation of the steel industry. 11/13/24.
Vale and the French DRI producer GravitHy have signed a Memorandum of Understanding (MoU) to pursue solutions focused on a carbon-neutral steelmaking process by using Vale's innovative iron ore briquettes technology.
Vale has been vocal about producing high-quality grades of iron ore that result in lower carbon emissions, but price is a big issue currently, said the CEO.
The ore will be dry processed with equipment developed by Vale in partnership with manufacturers, specially tailored to process the high-moisture ore from Carajás, the company states.
Our recruitment process has been changing and is in line with the cultural transformation we are going through. Access the job vacancies portal and come be part of this history. ... It is expected that Vale will build and operate iron ore concentration and briquetting plants at the hubs, supplying the raw material for the HBI plants, which will ...
This project began in 2013 and was followed by other research initiatives in Brazil aiming at the reduction of tailings in iron ore production. "Vale has already invested around R$ 50 million and has partnered with more than 40 organizations, including universities, research centers and national and foreign companies, to study applications ...
The Sohar Concentration Plant, scheduled to commence operations by mid-2027, will process 18 million tons of low-grade iron ore annually, producing 12.6 million tons of high-grade concentrate. ... "This partnership is a unique opportunity to blend Jinnan's rich experiences in modern low-carbon steelmaking with Vale's proven expertise in ...
Then, the high-grade ore resulting from this process can be transformed into pellets at the pelletizing plants to increase the added value of the product. Media Relations Office - Vale imprensa@vale. Press. Investors. Vale announces shareholder remuneration. 11/29/24. Iron Ore. Vale and ROGESA sign pellet supply agreement that points to the ...
Iron ore briquette that will be produced by Vale in the hubs. Photo: Valdirene Resende/ Vale. In July, Vale and H2 Green Steel also signed an agreement to supply direct reduction pellets to the Boden plant. Vale expects to reach a production capacity of 100 million tons of agglomerates (briquettes and pellets) after 2030.
Vale's proprietary briquetting technology enables the production of high-quality iron ore agglomerates from the low-temperature process using a technological solution of binders, …
Vale's proprietary briquetting technology enables the production of high-quality iron ore agglomerates from the low-temperature process using a technological solution of binders, which gives the final product high mechanical strength. Initial test results have shown promising results in using iron ore briquettes in the direct reduction process.
Sales volumes of iron ore fines [1] and pellets reached 312.5 Mt in 2019, in line with the annual guidance of 307-312 Mt. Vale's iron ore fines production [2] totalled 302.0 Mt, 21.5% lower than in 2018, while pellets production was 41.8 Mt in 2019, 24.4% lower than in 2018.
Their rapid progress caught the attention of Vale, the dominant player in the premium seaborne iron ore market, which began a comprehensive due diligence process in April 2024. The result is a non-binding memorandum of understanding which sees Vale essentially gain an option on Iron Bear as part of a broader, US$120 million plan to reach a ...
The world's first iron ore briquetting plant has been symbolically launched at the Tubarao Integrated Operations Area in Victoria, Piritu State. The briquette product developed by Vale has the potential to revolutionize the steel …
Vale has begun commissioning the Capanema Maximization Project in Minas Gerais, Brazil, aiming to bolster its iron ore production capacity by approximately 15 million tonnes per year (mtpa). The project, part of Vale's Mariana Operational Complex, aims to reach its projected iron ore production of 340–360mtpa by 2026.
This is a new product developed by Vale over the course of almost 20 years. It is a mixture of iron ore and a binder solution, which holds the particles together and gives the product strength. It is one of the ingredients used in steel production, replacing sinter, pellets or …
Since 2014, Vale has been investing in research to find solutions for the reuse of sand from iron ore processing, with the aim of reducing the generation of tailings. In 2021, Vale began marketing Sustainable Sand, a product intended for civil construction with legal origin, high silica content and low iron content, as well as high ...
Vale and Midrex to cooperate in the use of iron ore briquettes in direct reduction plants. Homepage. A+ A- Contrast . PT EN . PT EN . Close Who we are. Go Back . Who we are. We are a global company, that practices sustainable mining in the countries where we are present. We exist to improve life and transform the future.
KUALA LUMPUR, August 19 – Vale is partnering with Mysteel, one of Asia's leading commodity media and data service providers, to bring Asia Iron Ore Summit "AIOS" to Kuala Lumpur for the first time.. The Summit, which will gather the region's leading steel companies, associations and miners, was first conceived in Singapore in 2022 as one of the most important iron ore …
Vale (NYSE: VALE) announced on Wednesday that it expects to produce between 323 million and 330 million metric tons of iron ore in 2024, an increase from its previous forecast of 310 million to ...
Iron ore is present in the solutions that transform people's lives, contributing to the evolution of society. ... Our recruitment process has been changing and is in line with the cultural transformation we are going through. ... Vale donated RMB 2.5 million to China Youth Development Foundation ("CYDF") for the rebuilding of three Vale ...
Mining of iron and pellets, nickel, copper, manganese and ferroalloys. At Vale, we work with raw materials essential for modern life. Learn more.
The study demonstrated the potential of using sand from the iron ore production process as a sustainable alternative to predatory quarrying from riverbeds. We have also made progress in building circular mining capabilities in basic metals operations, including the use of nickel from tailings, recycled slag and reprocessed copper.
Iron ore briquettes reduce emissions gases such as sulfur dioxide and nitrogen oxide. They do not require the use of water to make them. Reduce emissions of particulates and sand from mining tailings can be used in their production …
Their rapid progress caught the attention of Vale, the dominant player in the premium seaborne iron ore market, which began a comprehensive due diligence process in April 2024. The result is a non-binding memorandum …
Vale is working to increase its production of high-quality iron ore and expand its capacity to concentrate ore, which also raises the iron ore grade, enabling the company to meet demand from steelmakers for these products. Product in expansion. Vale is building two 6mtpy briquette plants at its Tubarão Unit in Vitória, Espírito Santo, Brazil.