The president of Brazil's CVRD, Murillo, on the 26th, held a video conference with market analysts said the company produces 310 million tons of iron ore this year the target is achievable. He said the first half of this year, CVRD produced over 150 million tons of iron ore, sales of 178 million tons of iron ore. To expand iron ore production capacity is still the priority development objectives of the company.
Brazil's CVRD, the world on the largest iron ore producer enterprises, but also the export of Chinese iron ore suppliers. Since 2007, the company's iron ore production to maintain stable growth.
Responsible for the iron ore trade CEO Mull Grenadines, said at the meeting, the second quarter of this year, CVRD iron ore average sales price of $ 103 per tonne, Kara Jaspers iron ore iron content of 62% of the iron-rich mine the average sales price of $ 141.
Vale iron ore are mostly settled in CIF, included in the sales price of $ 25 per ton in transportation costs. He said that there are a number of mining companies discontinued or reduced, waiting for the iron ore prices rebounded after the sale. In this case, the CVRD iron ore sales in the second half is expected to resume growth.
The international iron ore price drop, rising operating costs and U.S. dollar against local currency Real substantial appreciation of factors, and Brazil's CVRD the second quarter 2012 net income and net profit dropped significantly over the previous year. Net income fell to $ 12.15 billion from $ 15.34 billion in the quarter last year two, a drop of 20.8%; net profit fell to $ 2.66 billion from $ 6.45 billion a year earlier, a drop of 58.7%.
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