Vale SA (VALE) has released an update.
Vale S.A. reports a robust operational performance for the second quarter of 2024, achieving record-high iron ore production since 2018 and advancing strategic projects to boost capacity by 30 Mt in the upcoming year. The company also emphasizes its commitment to safety and sustainability by successfully eliminating a dam and progressing in its decharacterization program. Despite higher freight costs and maintenance activities, Vale’s Proforma EBITDA reached $4.0 billion, and it remains confident in meeting its cost guidance for iron ore in 2024.
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