Record Iron Ore Production
Iron ore production reached 328 million tons, the highest level since 2018 and above original guidance.
Operational Excellence
Achieved all production and cost guidance for the year, demonstrating strong operational performance and efficiency.
Cost Efficiency Achievements
C1 cash costs in iron ore reached $18.8 per ton in Q4, the lowest since 2022, with overall cost reductions across commodities.
Strong Financial Performance
Pro forma EBITDA increased 9% quarter-on-quarter to over $4.1 billion, driven by portfolio optimization and cost efficiency.
Strategic Initiatives in Base Metals
Completion of VBME project, significant progress in copper production, and strategic steps in nickel cost reduction.
Shareholder Returns
Board approved $2 billion in dividends and a new buyback program for up to 3% of outstanding shares.