Vale keeps 400mln tpy iron ore output guidance, expects prices in $60-80/t range

Brazilian miner Vale is committed to maintaining iron ore production at 400 million tonnes per year until 2023 from its estimated capacity of 450 million tpy, the company said on Tuesday December 4 during an investor presentation at the New York Stock Exchange.

The miner, the world’s largest iron ore producer and one of the most efficient ones, is not alarmed by recent price weakness, chief executive officer Fabio Schvartsman said. He maintained...


Renato Rostás

December 04, 2018

22:12 GMT

São Paulo