Iron ore output of the world's three major mines increased year-on-year in the third quarter
Vale: Iron ore production in the third quarter increased by % year-on-year.
On the date in Rio de Janeiro, Brazil, Vale released its third-quarter 2023 operational report, revealing that iron ore production in the third quarter reached 86.8 million tons, an increase of 5.3 million tons year-on-year, representing a growth of 6.5%. This marks the highest quarterly production since the fourth quarter of 2022. The company previously announced that Vale has revised its full-year iron ore production guidance to between 310 million and 320 million tons (originally between 300 million and 310 million tons), reflecting continuous improvements in operational stability and asset reliability. Pellet production in the third quarter reached 8.3 million tons, an increase of 1.1 million tons year-on-year, representing a growth of 15.3%. Iron ore sales reached 77.6 million tons, an increase of 5.3 million tons year-on-year, representing a growth of 7.3%.
BHP: Iron ore production increased by .% in the third quarter.
BHP released its third quarter operational report on []. The report shows that BHP's iron ore production in the third quarter in Western Australia was . million tons, down .% quarter-on-quarter and up .% year-on-year; iron ore sales were . million tons, down .% quarter-on-quarter and down .% year-on-year. The report also states that BHP maintains its iron ore target guidance (based on %) for the fiscal year (from July to June ) unchanged at between . billion tons and . billion tons.
Rio Tinto: Pilbara iron ore production increased by % in the third quarter.
Rio Tinto announced on a certain date that in the third quarter of 2023, the company's Pilbara iron ore production reached approximately 83.5 million tonnes, representing a year-on-year increase of 1% and a quarter-on-quarter increase of 3%. The shipment volume was 83.9 million tonnes, up 2% year-on-year and 5% quarter-on-quarter. The company maintained its 2023 Pilbara iron ore shipment target (100%) unchanged at 320-335 million tonnes.
Jakob Stausholm, CEO of Rio Tinto, stated that the company is actively advancing key projects to achieve profitable organic growth. The Simandou high-grade iron ore project, in which Rio Tinto has invested, is expected to commence production next year.