Tag: Production guidance
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Brazil: Vale trims year-end production capacity guidance to 343 mn t
Vale SA, the second-largest iron ore producer in the world at present, has revised down its guidance for end-2021 production capacity to 343 mn t/annum from 350 mn t previously. During a call with analysts on 29 Jul’21, Vale declared that the issues hindering production were licensing problems at the Sistema Norte and Mutuca assets…