Vale to produce up to 335Mt of iron-ore in 2025
SAO PAULO - Brazilian miner Vale said on Tuesday it expects to produce between 325-million and 335-million metric tons of iron-ore in 2025, following an output of about 328-million tons this year.
Vale, one of the world's largest iron-ore producers, released the estimates ahead of an investor day in New York, where executives are expected to detail the forecasts and comment on the firm's strategic plans.
The Brazilian company reiterated it expects to keep increasing iron-ore output in the coming years, estimating it to reach between 340-million and 360-million tons in 2026 and about 360-million tons in 2030.
Vale said it has started commissioning the so-called Capanema project at its Mariana complex, aiming to add about 15-million tons a year of iron-ore, "an important milestone towards achieving the iron-ore production guidance in 2026."
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