Brazil Miner Vale 1Q Aluminum Output Down 8% From 1Q 2008
29 April 2009 - 2:20AM
Dow Jones News
Brazil miner Companhia Vale do Rio Doce's (RIO) aluminum output
fell 8% to 121,000 metric tons in the first quarter, according to
the company's production report released Tuesday.
The bulk of the product, 112,000 tons, was refined at Vale's
Albras plant. This was only 0.4% less than Albras refined in the
year-ago quarter.
However, at Vale's other aluminum subsidiary, Valesul, output
plummeted 54.3% to just 9,000 tons compared to the same quarter in
2008.
Vale cutback production at Valesul to 40% capacity in October
2008. Vale said at the time high Brazilian energy costs did not
make production worthwhile at the Rio de Janeiro plant site.
Brazil's total aluminum production rose 0.4% to 1.661.1 million
metric tons in 2008, according to the Brazilian Aluminum
Association.
The largest producer in the year was CBA with a total of 465,700
tons, followed by Albras with 459,300 tons and Alcoa (AA), who
produced 370,500 tons.
BHP (BHP) Billiton produced 180,700 tons, while Novelis had an
output of 99,200 tons, while Valesul produced 85,700 tons.
-By John Kolodziejski, Dow Jones Newswires; 55-21-2586-6086;
John.Kolodziejski@dowjones.com