Brazil regulator rejects Vale bid to change output target for railroad

Brazil's transportation regulator ANTT has rejected a request from Vale, the world's top iron-ore producer, to change its production goals for the Carajas Railroad this year, according to a notice by the Official Gazette on Monday. Production goals for Vale's Carajas project, the world's largest open-air iron ore mine, are directly tied to cargo shipments on its railroad there, which carries output to Brazil's Ponta da Madeira port.