In H1 2023, Brazilian mineral exporter Vale increased iron ore production by 6% year-on-year, reaching 145.5 million tons.
Second quarter production contributed 78.7 million tons to this figure, representing a 6.3% increase over Q2 2022.
This growth is attributed to record yields at the S11D complex in Pará and strong results at Minas Gerais’s Itabira and Vargem Grande projects.
Iron production at Brazil’s Vale up 6% in first half of 2023. (Photo Internet reprroduction) RT Ask Rio Times
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Open the full Ask Rio Times → Iron ore pellet production also saw an 11.8% rise, reaching 17.4 million tons in the first half of the year.
However, while production grew, iron ore fine sales fell by 4.3%, contrasting with pellet sales that grew by 6.9%.
Copper production also showed a strong increase of 29.7% year-on-year, resulting in sales growth of 34.1% for the same period.
Nickel production dipped by 2.5%, with sales growing by a modest 2.7%.
The first quarter of 2023 saw Vale report a net profit of US$1.837 billion, a decrease of 58.7% compared to the same period in 2022.
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Live Company Intelligence Vale SA ADR — the full investor dossier Inside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
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◆ Live Company Intelligence
Vale
NYSE: VALE VALE3 Basic Materials Other Industrial Metals & Mining 65,805 employees
$57.11B
Market cap
Analyst target $16.60
Wall Street view
3.6 Moderate Buy / 5
10 Buy14 Hold1 Sell
Avg. price target $16.60 · +8% vs 200-day
Valuation & profitability
Market cap $57.11B
Revenue (TTM) $218.07B
P / E ratio 26.8
Profit margin 4.8%
Return on equity 4.1%
Price & risk
52-wk low$9.94 52-wk high$17.44
Beta (volatility) 0.70
200-day average $15.34
Revenue trend · 6y
2020 2025
Latest $38.23B
Ownership
Institutions 20.6%
Shares outstanding 4.26B
Top holder Capital World Investors
Institutional holders 5+ funds
Dividend
Yield 40.2%
Payout ratio 2.0%
Fwd. annual $0.84
What Vale does. Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous…
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind , Editor-in-Chief
