increased 17% QoQ to 74.1 million tonnes in April-June 2022 quarter, mainly driven by the Southeastern and Southern Systems’ solid performance into the dry season. Northern System production improved 4% QoQ, benefiting from favorable weather seasonality with partial offset by one-off stockpiles homogenization activities in Ponta da Madeira to adjust for moisture levels. As a result of this one-off event, the sale of Midwestern System was 3.5 million tonne and in order to account for greater flexibility in our production due to current market conditions, Vale is revising its annual production guidance for 2022 to 310-320 million tonnes. H1 of 2022 – Iron OreNorthern System - 76.805 million tonnes, down 10.5% YoYSoutheastern System - 34.512 million tonnes, up 9.3% YoYSouthern System - 25.918 million tonnes, up 3.1% YoYParaopeba (Mutuca. FSbrica & others) - 10.978 million tonnes, down 2.1% YoYVargem Grande (Vargem Grande, Pico & others) -14.942 million tonnes, up 7.2% YoYIron Ore Production - 137.236 million tonnes, down 3.7% YoYIron Ore Sales - 116.665 million tonnes, down 5.8% YoYIron Ore & Pellets Sales -132.519 million tonnes, down 3.8% YoY Nickel production was 24% lower QoQ mostly due to scheduled maintenance of our downstream facilities, which was partially offset by strong performance at Onça Puma. Mines operated in a steady pace through the quarter, with North Atlantic mines building up feedstock for planned mine-mill maintenance in 3Q22. Sales were largely in line QoQ as inventories built in 1Q22 were sold in 2Q22. Copper production was in line with Q1 as the effect of Sossego SAG mill resumption in early June and stronger performance of Canadian mines were offset by both planned and corrective maintenance at Salobo plant. As a result of a longer-than-expected maintenance at Sossego mill and additional maintenance at Salobo mill identified for 2022, Vale is revising its annual production guidance for Copper to 270-285 kt.
increased 17% QoQ to 74.1 million tonnes in April-June 2022 quarter, mainly driven by the Southeastern and Southern Systems’ solid performance into the dry season. Northern System production improved 4% QoQ, benefiting from favorable weather seasonality with partial offset by one-off stockpiles homogenization activities in Ponta da Madeira to adjust for moisture levels. As a result of this one-off event, the sale of Midwestern System was 3.5 million tonne and in order to account for greater flexibility in our production due to current market conditions, Vale is revising its annual production guidance for 2022 to 310-320 million tonnes. H1 of 2022 – Iron OreNorthern System - 76.805 million tonnes, down 10.5% YoYSoutheastern System - 34.512 million tonnes, up 9.3% YoYSouthern System - 25.918 million tonnes, up 3.1% YoYParaopeba (Mutuca. FSbrica & others) - 10.978 million tonnes, down 2.1% YoYVargem Grande (Vargem Grande, Pico & others) -14.942 million tonnes, up 7.2% YoYIron Ore Production - 137.236 million tonnes, down 3.7% YoYIron Ore Sales - 116.665 million tonnes, down 5.8% YoYIron Ore & Pellets Sales -132.519 million tonnes, down 3.8% YoY Nickel production was 24% lower QoQ mostly due to scheduled maintenance of our downstream facilities, which was partially offset by strong performance at Onça Puma. Mines operated in a steady pace through the quarter, with North Atlantic mines building up feedstock for planned mine-mill maintenance in 3Q22. Sales were largely in line QoQ as inventories built in 1Q22 were sold in 2Q22. Copper production was in line with Q1 as the effect of Sossego SAG mill resumption in early June and stronger performance of Canadian mines were offset by both planned and corrective maintenance at Salobo plant. As a result of a longer-than-expected maintenance at Sossego mill and additional maintenance at Salobo mill identified for 2022, Vale is revising its annual production guidance for Copper to 270-285 kt.
