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17 Feb

Vale's fourth-quarter Mid-East iron ore sales diminish

Brazil-headquartered mining giant Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East in the fourth quarter inched down 5.1% on-quarter and 1.6% on-year to $317 million. It thus accounted for 2.6% of the miner’s consolidated revenue. January-December sales, however, soared 29.2% on-year to $1.24 billion. In Q4, out of Vale’s total iron ore and pellet sales of 91.95 million tonnes, sales t…
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