Vale’s Q1 met coal output down 11%

Vale produced 1.22 million tonnes of metallurgical coal in the first quarter of 2014, the Brazilian miner said on Wednesday April 30.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

This volume was down by 10.9% year-on-year, mostly due to the performance of its Carborough Downs unit in Queensland, Australia, which saw its output decline by 86.8%, to 73,000 tonnes.

This drop was a result of a longer-than-expected longwall move, which began in the middle of December and finished only in mid-March as a consequence of a roof fall at the beginning of January, Vale said.

Output at the Australian Integra Coal project, in New South Wales, increased by 73.8% year-on-year from January to March, totalling 379,000 tonnes.

The miner’s Moatize operations in Mozambique, south-east Africa, produced a total of 595,000 tonnes of metallurgical coal in the first quarter of 2014, up by 42.7% year-on-year.

However, Vale said  the ramp-up of the first phase at Moatize is being temporarily restricted by rail and port infrastructure limitations, which “do not allow for the total utilisation of the mine’s nominal capacity of 11 million tpy”.

What to read next
This consultation, which is open until April 8, 2026, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The price under review […]
The publication of Fastmarkets’ assessments for copper grade A cathode warrant premiums and aluminium P1020A warrant premiums was delayed on Wednesday March 11 because of a procedural lapse. Fastmarkets’ pricing database has been updated.
Fastmarkets has suspended its pricing for Iran steel billet and slab exports following the escalation of the conflict between the US, Israel and Iran and because relevant, relative pricing data is not immediately available.
Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel reinforcing bar (rebar), domestic, delivered Saudi Arabia price, as part of its annual methodology review process.
Liontown Resources has revived its previously deferred expansion study at its Kathleen Valley mine and is weighing near-term orders for long-lead equipment, its chief executive officer said – the clearest signal yet that growth planning is returning to the agenda as lithium market conditions stabilize.
Fastmarkets is changing the units of its Mexico non-ferrous scrap price assessments to improve clarity and to align with prevailing commercial practices, per feedback from market participants. The majority of submissions, transactions and references for these markets use kilogram-based prices, particularly across key regions such as Monterrey and Bajío. Converting these assessments to a peso […]