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Steel Mint

Top 5 iron ore producing companies in the world

16, Feb 2021
Rio Tinto recorded iron production at 333.4 in CY '20, up by 2% y-o-y. Company recorded iron ore shipments at 330.6 mn t for CY '20, up by 1% y-o-y. The company has set Pilbara iron ore shipment guidance at 325-340 mn t for CY '21.

Vale fell short of iron ore production target in CY '20 Vale's total iron ore fines production in CY '20 was at 300.4 mn t, down marginally against 301.9 mn t in CY '19. The S11D ramp up, resumption at Vargem Grande and Timbopeba was offset by constraints in tailings disposal in Itabira and Brucutu, COVID impacts, delays in opening new mining fronts in Serra Norte and four months stoppage at Fazendao site.

The total pellet output recorded at 29.7 mn t in CY '20 was down 29% y-o-y as a result of lower pellet feed from Vale's sites. Vale ended CY '20 with 322 mn t of production capacity and expects to achieve 350 mn t capacity by the end of CY '21.

BHP Group CY '21 iron ore production has witnessed a 6% increase by 288.4 mn t against 272 mn t in CY '19. The production for H2 CY '20 from Western Australia iron ore operations was recorded at 144.6 mn t. The output picked up by 5% against H2 CY '19 at 137.3 mn t. Fig mentioned is on 100% basis. BHP Group FY '21 iron ore production guidance from Western Australia (100% basis) remains intact at 276-286 mn t for the fiscal year. The target includes production from Samarco plant.

Samarco re-commenced production after 5 years in Dec '20, expects initially to produce ~ 8 mn t iron ore pellets pa.

FMG iron ore production decreased by 2% at 207.5 mn t in CY '20 against 210.8 mn t in CY '19.

Anglo American: Miners iron ore output decreased by 13% in CY '20 at 37 mn t as against 42.3 mn t in CY '19. The decrease is attributed to high rainfall and operational issues at the Sishen crusher and Kolomela plant. Iron ore CY '21 guidance remains unchanged for Kumba iron ore at 40-41 mn t, subject to the extent of further Covid-19 related disruption.