World’s leading iron ore miner – Vale reported iron ore production of 300.4 mn t, lower by 0.5% y-o-y. The S11D ramp up, resumption at Vargem Grande was offset by constraints in tailings disposal in Itabira and Brucutu, COVID impacts and four months stoppage at Fazendao site. The miner aims to increase production capacity to 350 mn t by the end of CY’21 vis-a-vis 322 mn t in CY’20.
Leave a Reply