Exports from Brazil's S11D iron ore mine up sharply in Feb

By
Thursday, March 16, 2017

Brazilian mining giant Vale shipped 719,885t of iron ore from its flagship US$14.3bn S11D Carajás mine in Pará state in January-February.

The figure includes 264,400t in January, when the mine shipped its first exports.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

Revenue from shipments in the first two months was US$39.3mn, including US$14.3mn in January, according to data from Brazil's trade department Secex.

Vale officially cut the ribbon on the project, in Canaã dos Carajás municipality, in December. The first commercial shipment of 26,500t was made on January 17.

Of the total invested in S11D, US$6.4bn was spent on the mine and plant and US$7.9bn on a 101km railroad and an expansion of the Carajás railroad and the Ponta da Madeira port terminal in São Luís, Maranhão state.

The project was originally due to be completed in December 2014.

RAMP-UP

Vale said the project's ramp-up will happen over four years to maximize margins and optimize the mix of products.

"The nominal production of 90Mt/y will be reached in 2020, adding a 75Mt net capacity to the northern system, which also includes the mines in the Carajás complex and Serra Leste," Vale said in December.