IRON-ORE
Brazilian miner Vale expects iron-ore output at its premier S11D mine to reach 58-million tonnes this year, above an official forecast of 50-million to 55-million tonnes, a person familiar with the matter said.
The expected increase is due mainly to selling more "canga," or iron-ore with a higher grade of contaminants - along with iron-ore, since it has shown strong demand, said the person, who spoke this week. The source requested anonymity because the data is confidential.
This content is only available to subscribers.
Forgot your password? Click here
Don't have any login details?
Free Trial Access