|
Production and sales overview
Coal production totalled 1.9 Mt in 4Q19 and 8.8 Mt in 2019, reflecting
the impacts of lower productivity at the processing plants throughout
the year. As a response, Vale reviewed its business plan in 2019 and has
been implementing two initiatives, which are expected to produce
sustainable results – a new mining plan and a new operational strategy
for the processing plants, both previously disclosed.
The new mining plan prioritizes better-quality ore bodies and has a
lower stripping ratio, which is expected to result in an improved
product mix and cost savings.
The plant will be adapted for that mining plan with a new operational
flowsheet, which will be implemented during a 3-month period11. The
execution of improvements at the plant will impact production in the
first half of the year, generating an irregular production during that
period. Once the new operational flowsheet is fully implemented in the
beginning of 3Q19, Vale expects to resume the ramp-up, achieving a 15
Mtpy run rate in 4Q19, with higher reliability and yield.
As a result of the ongoing implementation of these structural changes,
coal production guidance is expected to range between 8 Mt and 10 Mt in
2020.
T1
Production Summary
|
000’ metric tons |
4Q19 |
3Q19 |
4Q18 |
2019 |
2018 |
4Q19/3Q19 |
4Q19/4Q18 |
2019/2018 |
|
Coal |
1,876 |
2,310 |
3,107 |
8,770 |
11,605 |
-18.8% |
-39.6% |
-24.4% |
T2 Coal
Production
|
000’ metric tons
|
4Q19
|
3Q19
|
4Q18
|
2019 |
2018 |
4Q19/3Q19
|
4Q19/4Q18
|
2019/2018
|
|
COAL PRODUCTION
|
1,876 |
2,310 |
3,107 |
8,770 |
11,605 |
-18.8% |
-39.6% |
-24.4% |
|
Metallurgical coal
|
825
|
1,020 |
1,641 |
4,032 |
6,161 |
-19.1% |
-49.7% |
-34.6% |
|
Thermal Coal
|
1,051 |
1,290 |
1,466 |
4,738 |
5,444 |
-18.5% |
-28.2% |
-13.0% |
|
COAL SALES
|
2,042 |
2,254 |
3,433 |
8,783 |
11,633 |
-9.4% |
-40.5% |
-24.5% |
|
Metallurgical coal
|
1,017
|
1,082
|
1,790 |
4,427
|
6,240
|
-6.0% |
-43.2%
|
-29.1%
|
|
Thermal coal
|
1,025
|
1,172
|
1,643
|
4,356 |
5,393
|
-12.5% |
-37.6% |
-19.2% |
Related Link:
Official Document |
(To contact the reporter on this story: myron.liu@steelhome.cn or 86-21-50582062) |
