17
Sep
14:09
Vale eyes 450mt annual output
Brazil's Vale intends to increase iron ore production to nearly 450 million tonnes/year in the coming years as it recovers some of the capacity stalled following the Brumadinho accident. It has not however disclosed an exact timeline for reaching this run rate.
Such a production volume was first announced by the company during Vale Day, the annual meeting with investors in New York, in December 2016, Kallanish notes.
“Vale is overcoming challe…
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