{"id":47320,"date":"2014-02-27T17:05:00","date_gmt":"2014-02-27T19:05:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/vales-sales-up-in-middle-east\/"},"modified":"2019-06-30T13:07:38","modified_gmt":"2019-06-30T16:07:38","slug":"vales-sales-up-in-middle-east","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/vales-sales-up-in-middle-east\/","title":{"rendered":"Vale\u2019s sales up in Middle East"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash; The Brazilian mining company Vale&rsquo;s sales to the Middle East fetched US$ 1.494 billion in 2013, up 28% from 2012. The shipped volume was up 11% to 7.527 million tonnes of iron ore pellets. The company owns a pelletizing plant and a distribution centre at the industrial complex in the Port of Sohar, Oman, since 2011. <\/p>\n<p>&ldquo;Our Oman operation was built to service the local market. Last year, the output was close to 9 million pellets, but we always ship some product from Brazil to the Middle East,&rdquo; said Jos&eacute; Carlos Martins, the executive director for Ferrous Metals and Strategy, during a conference call with the press this Thursday (27th). &ldquo;Demand has been increasing in the Middle East. Every year we see it go up at least 5%,&rdquo; the executive said.<\/p>\n<p>Last Wednesday (26th), the company released its annual and quarter-four results. In 2013, the company posted a net income of US$ 584 million, much lower than 2012&rsquo;s US$ 5.454 billion. In Q4 2013, the mining company incurred net losses of US$ 6.451 billion.<\/p>\n<p><!--[{![cemb_9_702674_1]!}]--><\/p>\n<p>&nbsp;The poor Q4 performance was a result of the company&rsquo;s adhesion to the federal government&rsquo;s Refis debt rollover program. The Vale board, however, has expressed optimism.<\/p>\n<p>&ldquo;The poor assessment stems from the media&rsquo;s view, which is predominantly based on accounting,&rdquo; said CEO Murilo Ferreira. According to Martins, the Refis should not keep impacting the company&rsquo;s results this year. &ldquo;The impact on our accounts has been fully absorbed in this quarter,&rdquo; he said. <\/p>\n<p>In 2013, Vale posted US$ 48.994 billion in gross revenues, nearly the same result as 2012&rsquo;s US$ 48.753 billion. Gross revenues in Q4 stood at US$ 13.606 billion, up 5% from Q3. <\/p>\n<p>&ldquo;We are highly motivated by our 2013 performance; we have had very solid results,&rdquo; said Ferreira. &ldquo;We are succeeding in focusing on our main businesses, and we are working towards a strict cost reduction plan. The company is preparing for a solid increase in shipped volumes over the next few years,&rdquo; he said. <\/p>\n<p><strong>*Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-184039\">Press Release<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The company\u2019s shipped volume to the region was up 11% last year to 7.5 million tonnes of iron ore pellets. Revenues increased by 28% to nearly US$ 1.5 billion.<\/p>\n","protected":false},"author":2313,"featured_media":184039,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-47320","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"wps_subtitle":"The company\u2019s shipped volume to the region was up 11% last year to 7.5 million tonnes of iron ore pellets. Revenues increased by 28% to nearly US$ 1.5 billion.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2313"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=47320"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/47320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/184039"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=47320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=47320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=47320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}