27
Apr
12:06
Vale's Mid-East shipments grow, earnings shrink
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East in the first quarter grew 14.9% on-year to 1.24 million tonnes from 1.08mt in Q1 2022. However, they decreased by 25.1% from 1.65mt recorded in Q4 2022, Kallanish understands.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East, was $238 million in Q1, versus $242m in Q1 2022 and $317m in Q4, the miner says in …
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