OREANDA-NEWS. Vale delivered a strong operational performance in 3Q14, with record production in a number of products, such as iron ore, copper and nickel. The Base Metals sector stood out with the best third quarter for nickel since 2008 in terms of production. With this, our EBITDA (earnings before interest, taxes, depreciation and amortization) reached USD 3.004 billion in 3Q14, slightly lower than in 2Q14 (USD 4.1 billion).

This small decline in EBITDA, compared to the previous quarter, is due mainly to the fall in the volume of iron ore sales and in the price of the product in the market. On video, our CFO, Luciano Siani explains: "The company is confident that it has been doing its homework and is delivering both cost and expense reductions, and increased volumes, from our projects in order to continue generating value for our shareholders."