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Financial News: VALE: S11D Should Produce 22 Million Tons Of

VALE: S11D Should Produce 22 Million Tons Of Ore This Year

12/20/2017 - 19:45:00 (RTTNews)

(RTTNews) - After the S11D Vale complex in Pará completing a year of operation this month, the Brazilian mining company reiterated that it is estimated that 22 million tons of iron ore will be produced in 2017 at the site. For 2018, production is expected to be 50-55 million tons, while for 2019, the forecast is 70-80 million, reaching its full capacity of 90 million tons by 2020.

From January to November, the S11D's productivity reached 6.5 thousand tons per hour for a capacity of 8 thousand tons per hour. According to the company, among the reasons that raised productivity is the implementation of the truckless system (set of excavators, crushers, and conveyor belts), which began its operation in advance and is performing above expectations for the first year of ramp up.

The S11D also allows the miner to reduce the cost of production. It is estimated that in 2020 the cost of the S11D ore delivered at the Ponta da Madeira Maritime Terminal in São Luís (MA), excluding royalties, called cost-cash C1, will be at US$ 7.7 per ton, 47% lower than the average cost of the current Vale C1.

Investment in S11D, which includes mine, mill, railroad and port, was US$ 14.3 billion, with US$ 6.4 billion still being invested in the mine and plant deployment, while US$ 7.9 billion refers to the construction of a 101-kilometer railroad, the expansion of the Carajás Railroad (EFC), with works in Maranhão and Pará, and the expansion of the Ponta da Madeira Maritime Terminal in São Luís.

In the third quarter of this year, S11D works achieved a 92% consolidated physical progress, consisting of 99% in the mine and 86% in logistics.

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