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Shipments from Vale's flagship S11D mine hit US$2.9bn in 2018

Bnamericas Published: Tuesday, January 08, 2019
Shipments from Vale's flagship S11D mine hit US$2.9bn in 2018

Brazilian mining giant Vale exported 59.4Mt of iron ore from its flagship S11D Carajás mine (pictured) in Pará state during 2018.

This compares with 18.9Mt exported in 2017 from the US$14.3bn mine, which is currently being ramped up.

Export revenue in the period reached US$2.87bn, up from US$873mn, according to data from foreign trade department Secex.

Vale opened the mine in Canaã dos Carajás municipality in December 2016 and the first commercial shipment of 26,500t was made in January 2017.

RAMP-UP

In May, Vale said it expects iron ore output from the mine to total 58Mt in 2018, topping a previous forecast of 50-55Mt from late 2017.

Production for 2019 is expected to reach 70-80Mt and nominal output of 90Mt/y is due to be hit in 2020, adding 75Mt net capacity to the northern system, which includes the mines in the Carajás complex and Serra Leste, the company said previously.

Vale's total output for 2017 was a record 367Mt, due in part to S11D, but also boosted by higher production at the Conceição I plant, part of the company's southeastern system, which concluded its ramp-up in 2016.

EXPANSION

On December 5, Vale confirmed it will invest US$770mn in the expansion of the complex.

"The mine will have its capacity increased by 10Mt, reaching 100Mt/y starting in 2022. Technological initiatives and cost management are also part of our strategy," Vale's ferrous minerals executive director Peter Poppinga said at the time.

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