Major Global Miners Witness Rising Iron Ore Supplies

World’s major iron ore miners namely Vale, Rio Tinto, Anglo American - Kumba have recorded increase in supplies in the quarter ended Sept’17 against previous quarter. However FMG, BHP Billiton and Anglo American - Minas have recorded fall primarily owing to maintenance shutdowns .

Vale iron ore production up by 3% Y-o-Y in Q3

According to the reports, Vale iron ore production went up by 3.3% in Q3 CY’17 to 95.1 MnT against 92.1 MnT in Q3 CY’16 mainly due to the better operational performance in the Northern System and the S11D ramp-up in Brazil’s Carajás region, which was started up in December 2016, according to Vale. On quarterly basis, company’s iron ore production increased by 3.6% Q-o-Q in Q3CY’17 to against 91.8 MnT Q2 CY17.

Vale pellet production was recorded at 12.77 MnT pellets in Q3 CY17, compared to 12.22 MnT in the previous quarter.

The miner’s total production will therefore be within the lower end of the 360-380 million tonnes guidance range for 2017.

Rio Tinto: Pilbara iron ore production grew 6% Q-o-Q

Rio Tinto- world’s second largest iron ore producer and exporter and its making good progress with further improvements to world class Pilbara iron ore business, including the opening of the Silvergrass mine and the implementation of AutoHaul.

According to the reports, company’s Pilbara iron ore production was up 6% to 85 MnT in Q3 CY’17 against Q2 CY’17. It was also up 2% Y-o-Y in Q3 CY’17 compared to Q3 CY’16. Rio Tinto’s expected Pilbara shipments in 2017, subject to weather, remain unchanged at around 330 MnT on a 100 per cent basis

BHP Billiton iron ore production fell amid maintenance shutdown

According to the company reports, BHP iron ore productions on yearly basis was down by 3% in quarter ended Sept’17 to 56 MnT against 57.6 MnT in quarter ended Sept’16. Improved mine productivity and record volumes at Jimblebar offset by the impact of planned maintenance and lower opening stockpile levels, following the fire at the Mt Whaleback screening plant in June 2017.

On quarterly basis, company’s iron ore production decreased by 8% quarter ended Sept’17 against 60.14 MnT quarter ended Jun’17.

Guidance for the 2018 financial year remains unchanged at between 239 and 243 Mt, or
between 275 and 280 Mt on a 100 per cent basis
FMG reported iron ore shipments of 44 MnT in quarter ended Sept’17

Fortescue Metals Group has released its September 2017 quarterly results, reporting shipments of 44.0 MnT of iron ore up marginally on yearly basis compared to 43.8 MnT in quarter ended Sept’16. On quarterly basis, company’s iron ore shipment decreased by 2% quarter ended Sept’17 against 44.7 MnT quarter ended Jun’17.

FMG reported production of 45.7 MnT mined iron ore in September 2017 ended quarter down on yearly basis by 8% against 49.5 MnT in the same period last year. On quarterly basis, company’s iron ore production decreased by 15% in quarter ended Sept’17 against 53.5 MnT quarter ended Jun’17.

Anglo American increases production guidance at Kumba Iron Ore 42 - 44 MnT

Kumba - As per the company reported for the quarter ended Sept’17 production of iron ore from its South Africa Kumba mines was 11.5 MnT down 2 % on yearly basis, as it was 11.8 MnT in last year same period. Production guidance at Kumba Iron Ore has been further increased to 42 - 44 MnT following the continuation of strong productivity performance at Sishen.

On quarterly basis, company’s iron ore production increased by 1% in quarter ended Sept’17 against 11.4 MnT quarter ended Jun’17.

Minas-Rio is an iron ore mining project in Brazil. It is one of the world's largest mining projects.The project was bought by Anglo American PLC. According to the report published by the company, it produced 4.2 MnT in quarter ended Sept’17 down by 6% Y-o-Y against 4.5 MnT in the same quarter last year.

On quarterly basis, company’s iron ore production decreased by 2% in quarter ended Sept’17 against 4.3 MnT quarter ended Jun’17.