Vale S.A. Announces Operating Results for the Fourth Quarter and Full Year 2023
January 29, 2024 at 04:44 pm EST
Vale S.A. announced operating results for the fourth quarter and full year 2023. For the quarter, the company reported iron ore production of 89,397,000 metric tons against 80,852,000 metric tons a year ago. Pallets production was 9,851,000 metric tons against 8,261,000 metric tons a year ago. Nickel production was 44.9 kt against 47.4 kt a year ago. Copper production was 99.1 kt against 66.3 kt a year ago. Cobalt production was 549,000 metric tones against 529,000 metric tones a year ago. Gold production was 123,000 ounces troy against 74,000 ounces troy a year ago. Platinum production was 31,000 ounces troy against 25,000 ounces troy a year ago. Palladium production was 39,000 ounces troy against 33,000 ounces troy a year ago.
For the Year, the company reported iron ore production of 321,154,000 metric tons against 307,793,000 metric tons a year ago. Pallets production was 36,455,000 metric tons against 32,111,000 metric tons a year ago. Copper production was 326.6 kt against 253.1 kt a year ago. Nickel production was 164.9 kt against 179.1 kt a year ago. Cobalt production was 1,959,000 metric tones against 2,434,000 metric tones a year ago. Gold production was 410,000 ounces troy against 289,000 ounces troy a year ago. Platinum production was 125,000 ounces troy against 102,000 ounces troy a year ago. Palladium production was 149,000 ounces troy against 127,000 ounces troy a year ago.