Base Metals ProductionCopper production was up 5.3% and beat expectations by almost 7%, while nickel production was up 11.9%, significantly beating expectations.
Legal SettlementThe comprehensive agreement for the full reparation of the Mariana dam collapse reduces uncertainty while leaving room for special dividends and/or share buybacks in coming years.
Production PerformanceVale delivered strong iron ore production numbers in 3Q24, with production reported at 91Mt, which was 4% above Visible Alpha consensus and 5% above BBG consensus – a record since 4Q18.