Vale S.A. (Vale), a Brazilian multinational corporation engaged in metals and mining, announced its production and sales report for the fourth quarter of 2018 yesterday (March 26th). 
According to the report, the production of Vale’s iron ore totaled around 101 million tons in the fourth quarter of last year, dropping by 3.8% compared to the previous quarter. The output in the fiscal year 2018 amounted to approximately 385 million tons, which met Vale’s production target.
Vale said that its annual output of iron ore might be affected by the tailings dam disaster at Feijão mine in Brumadinho, Brazil on January 25th. The amount was expected to be 92.8 million tons.