Vale Versus Rio Tinto: A Comparative Look At The Longevity Of Current Iron Ore Mining Operations
Vale and Rio Tinto are the top two producers of iron ore in the world. These two companies also command two of the largest iron ore reserve bases in the world. Considering their current iron ore reserves, Vale and Rio Tinto have 52 and 15 years worth of iron ore production that can be extracted at their respective 2015 production rates. However, these figures are only indicative of the production capacity of the current reserve bases of the two companies. Both Vale and Rio Tinto will continue to add to their respective reserves through exploration activities as well as the acquisition route. However, considering only the existing reserves, the longevity of Vale’s iron ore operations is far greater than that of Rio Tinto.
Have more questions about Vale? See the links below.
- Vale’s Full Year 2015 Pre-Earnings Report
- Vale’s Q4 2015 Earnings Report: Decline In Iron Ore Prices Negatively Impacts Results
- How Important Is China To Vale’s Iron Ore Sales?
- What Is China’s Share Of Vale’s Overall Revenue?
- What Is Vale’s Revenue & EBITDA Breakdown?
- What Is Vale’s Fundamental Value Based On 2015 Results?
- By What Percentage Has Vale’s Revenue & EBITDA Declined Over The Last 5 Years?
- By What Percentage Can Vale’s Revenue & EBITDA Increase Over The Next 3 Years?
- How Has Vale’s Revenue Composition Changed Over The Last 5 Years?
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