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.
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