20
Apr
19:31
Vale lowers iron ore production guidance for 2020
Vale’s iron ore output in the first quarter of 2020 fell below the lower end of its previous guidance for the period. The miner has therefore revised downwards its guidance foe full-year 2020, it confirms in a statement sent to Kallanish.
Vale has revised its guidance for iron ore fines production in 2020 to 310-330 million tonnes from 340-355mt and its pellet production guidance to 35-40mt from 44mt. The main reasons for this revision are the Q1 2020 produ…
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