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Vale Copper Production & Sales Overview

Metal News - Published on Tue, 28 Jul 2020

Image Source: Vale Copper
Vale’s copper production reached 84.5 kt in 2Q20, with volumes mostly affected by COVID-19 related factors
(i) as scheduled maintenance in Brazil was postponed due to availability of external contractors and cross-border restrictions, and a higher level of absenteeism in the workforce
(ii) production of copper from Voisey’s Bay heavily affected by mining and milling operations being put on care and maintenance due to the COVID-19 pandemic for the full quarter. Voisey’s Bay operations resumed on July 3rd and should reach full capacity by August. All Voisey’s Bay source copper production in the quarter is derived from existing inventories

Sales volumes of copper were 83.5 kt in 2Q20, 6.4% lower than 1Q20 mainly reflecting Voisey’s Bay mine being placed in care and maintenance during the quarter due to the COVID-19 pandemic.

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Posted By : Yogender Pancholi on Tue, 28 Jul 2020
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