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08 May

Vale on track to reach ore production target

Brazilian miner Vale is on track to reach 340-360 million tonnes of iron ore production by 2026, Kallanish notes. The firm's pricing market manager, Eduardo Mello Franco, said at the Singapore Iron Ore Forum on Wednesday that its current main projects, including Vargem Grande, Capanema and S11D, are expected to add 50m t/year of iron ore capacity from 2024 to 2026. According to him, these projects will likely boost its iron ore production from 315mt in 2023 a…
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