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Vale announces Q2 2012 results for manganese ore and ferroalloys

Time:Sat, 30 Jun 2012 20:37:46 +0800

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In Q2 2012, manganese ore production increased 20.6% on a quarterly basis, reaching 584,000 tonnes versus 484,000 tonnes in Q1 2012.

Output of the Carajás manganese mine Azul was the main contributor to the improved output, producing 463,000 tonnes in Q2 2012, due to the end of the rainy season in Brazil. The 4.6% reduction in output compared to Q2 2011 was related to low physical availability of the plant in Q2 2012.

Urucum also had a stronger performance, 22.1% higher than Q1 2012, reaching 81,000 tonnes in Q2 2012, reflecting operational improvements in the equipments in the underground mine.

Production of manganese ore at Morro da Mina, part of the other mines, improved only 3% QoQ due to the worsening of the stripping ratio. Waste removal is being intensified during 2012 in order to return production to normal levels.

Ferroalloy Q2 2012 production was slightly higher than Q1 2012, but below Q2 2011, due to lower Brazilian output related to the stoppage for maintenance during the quarter.

Production in Q2 2012 was comprised of 59,800 tonnes of ferrosilicon manganese alloys (FeSiMn), 43,400 tonnes of high carbon manganese alloys (FeMnHc) and 5,900 tonnes of medium carbon manganese alloys (FeMnMC).

Production from operations at Dunkerque in France recovered illustrating improved demand for FeMnHC compared to Q1 2012.

Furthermore, production from the Norwegian operations of Mo I Rana continued to rise because of better operational efficiency, increasing by 4.3% QoQ against Q1 2012 and 12.2% YoY.

Q2 11 Q1 12 QoQ Q2 12 YoY H1 11 H1 12 YoY
Manganese Ore 619 484 20.6% 584 -5.6% 1,117 1,068 -4.4%
Azul 486 379 22.2% 463 -4.6% 902 843 -6.6%
Urucum 82 67 22.1% 81 -0.7% 134 148 10.2%
Other mines 51 38 3.0% 39 -23.3% 81 78 -3.8%


In '000 tonnes

Q2 11 Q1 12 QoQ Q2 12 YoY H1 11 H1 12 YoY
Ferroalloys 114 106 2.7% 109 -4.2% 227 215 -5.3%
Brazil 52 50 -6.7% 46 -11.6% 104 96 -7.8%
Dunkerque 37 30 17.1% 35 -4.9% 74 64 -12.4%
Mo I Rana 25 27 4.3% 28 12.2% 50 55 10.1%


In '000 tonnes

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