Tag: Vale quarterly results

Vale: Iron ore output fell 7% in H1 CY’20; guidance intact

Jul 21, 2020

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by

Monika Bajaj

in Fines/Lumps

Iron ore guidance unchanged at 310-330 mnt Pellet guidance lowered to 30-35 mn t against 35-40 mn t due to lower market demand and postponement of resumption at Vargem Grande plant. Vale total iron ore production in H1 CY’20 recorded at 127.2 mn t, down 7% compared to 136.9 mn t in H1 CY19. The…