SAO PAULO, July 22 (Reuters) - Brazilian miner Vale
produced 83.6 million metric tons of iron ore in the
second quarter, up 3.7% from a year earlier, the company
reported on Tuesday.
In its output and sales report, Vale said the increase
was mainly driven by a "strong performance" at the Brazilian
Brucutu plant, and a new output record for a second quarter at
the S11D mining project, also located in Brazil.
"In iron ore, the combination of new assets ramping up
and greater operational reliability is supporting stronger
adherence to the 2025 production plan," Vale said.
The company, one of the largest iron ore producers in
the world, expects to produce between 325 million and 335
million tons of iron ore this year.
Vale reported sales of the steelmaking ingredient at
77.3 million tons, a 3.1% decline year-on-year, with the
company's average realized price of iron ore fines landing at
$85.1 per ton, a 13.3% decline.