Vale Versus Rio Tinto: A Comparative Look At The Longevity Of Current Iron Ore Mining Operations

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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.

Vale Versus Rio Tinto- A Comparative Look At Longevity Of Current Iron Ore Mining Operations

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Vale