Vale Soars and Aims to Increase Iron Ore Production for 2022, Between 320 and 335 Million Tons

Written by Roberta Souza

Published on 30/11/2021 at 16:43

Updated on 30/11/2021 at 17:47

Foto: reprodução google

Be the first to react!

The Mining Company Forecasts Production Between 320 and 335 Million Tons of Iron Ore in 2022

In a statement on Monday (29), the mining company Vale S.A. announced that the new projection for next year is to produce between 320 million and 335 million tons of iron ore. The announcement was made during an investor event in New York.

The estimated capital spent to achieve the goal for the period is US$ 5.8 billion. According to the company, the estimated average for the coming years is US$ 5 billion to US$ 6 billion, considering an average exchange rate of 5.00 in 2023.

For 2021, the target was revised to 315-320 million, whereas it was previously expected to be between 315-335 million. Despite the decrease, the company will begin to increase iron ore production again after a decline in 2020 due to mine shutdowns for safety reviews.

ARTICLE CONTINUES BELOW

Vale’s Production of Other Metals

Vale also announced projections for base metals.

For copper, the estimated production is between 330-335 thousand tons of copper in 2022; 390-420 thousand tons between 2023 and 2026; and above 450 thousand tons after 2027.

For nickel, it is estimated to produce between 175-190 thousand tons from 2022 to 2023 and more than 200 thousand tons after 2024.

EBITDA (earnings before interest, taxes, depreciation, and amortization) in 2023 is expected to be between US$ 16.5 billion and US$ 24.0 billion. This will depend on the annual average iron ore price and its sales volume, as well as the price variations of copper and nickel, and the average annual exchange rate.

In the presentation, Vale reported that 2021 was a challenging year for base metals, with a broad safety and strategy review, in addition to delays in maintenance due to the COVID-19 pandemic.

Vale Soars and Aims to Increase Iron Ore Production for 2022, Between 320 and 335 Million Tons

The Mining Company Forecasts Production Between 320 and 335 Million Tons of Iron Ore in 2022

Vale’s Production of Other Metals

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.

A nuclear aircraft carrier becomes the center of debate after Trump’s statement about Cuba for bringing together fighters, a hospital, communication, energy, and thousands of crew members in a floating city capable of pressuring the Caribbean without firing a shot.

The flat roof of a house features a waterproofed slab, distributed drains, color-coded pipes, and hidden access to prevent leaks, facilitate maintenance, and organize solar panels, air conditioning units, and the water tank.

The world’s deltas are sinking under human pressure: a study in Nature analyzes 40 regions and shows how groundwater, lack of sediments, and urbanization are lowering the ground where millions live.

While families count their losses from the war in Iran, oil companies, banks, and weapon manufacturers report record profits in the first quarter, and even the renewable energy sector soars with trading and market volatility.

Vale Soars and Aims to Increase Iron Ore Production for 2022, Between 320 and 335 Million Tons

The Mining Company Forecasts Production Between 320 and 335 Million Tons of Iron Ore in 2022

Vale’s Production of Other Metals

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

Elon Musk’s internet comes to mobile: Starlink technology connects smartphones without an antenna via satellite, works even without carrier signal, already costs just US$10 extra in the US, and could arrive in Brazil as an included benefit.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

The United Kingdom removed approximately 1.8 million cubic meters of sand from the seabed and is depositing it all on 6 kilometers of beaches in Norfolk, in a mega-operation to curb erosion, protect coastal villages, and shield a vital gas terminal against the encroaching Atlantic.

The flat roof of a house features a waterproofed slab, distributed drains, color-coded pipes, and hidden access to prevent leaks, facilitate maintenance, and organize solar panels, air conditioning units, and the water tank.

WEG inaugurates an industrial paint distribution center, reinforces its presence in Latin America with high-tech anticorrosive solutions, and expands regional service capacity from Bogotá, offering greater agility and proximity to the market in Colombia.

A 30 m² pine wood house costs R$ 20,000 for the raw structure and can be completed for less than R$ 50,000 with assembly and basic finishes: this quick construction promises to deliver in weeks what conventional masonry would take much longer to complete.

The Joinville Bridge, the municipality’s main mobility project, will have a 160-meter central span over Babitonga Bay without a pillar in the river’s course.

Seven world powers including the US, China, and Russia are spending €22 billion on a reactor in the south of France that aims to confine plasma at 150 million degrees Celsius, ten times the temperature of the Sun’s core, using a magnetic field capable of lifting an entire aircraft carrier.

A nuclear aircraft carrier becomes the center of debate after Trump’s statement about Cuba for bringing together fighters, a hospital, communication, energy, and thousands of crew members in a floating city capable of pressuring the Caribbean without firing a shot.

The flat roof of a house features a waterproofed slab, distributed drains, color-coded pipes, and hidden access to prevent leaks, facilitate maintenance, and organize solar panels, air conditioning units, and the water tank.

The world’s deltas are sinking under human pressure: a study in Nature analyzes 40 regions and shows how groundwater, lack of sediments, and urbanization are lowering the ground where millions live.

While families count their losses from the war in Iran, oil companies, banks, and weapon manufacturers report record profits in the first quarter, and even the renewable energy sector soars with trading and market volatility.