RIO News: Vale (VALE) Q3 Iron Ore Production Declines 4% Year Over Year - 19th Oct 2023, 5:07am

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Vale S.A. VALE reported iron ore production of 86.2 million tons (Mt) for the third quarter of 2023, which was down 4% year over year. This was mainly due to lower run-of-mine production from the Paraopeba complex, a temporary stoppage at the Viga operations due to one-off maintenance of the tailings pipeline and lower output from Serra Norte.

A one-time failure in the conveyor belt system at S11D in August impacted output by 2 Mt. Despite this setback, S11D’s production improved 2% in t...

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