Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Brazil-based global miner Vale has reported record first-quarter iron-ore output despite a global supply glut that was being compounded by waning demand from China, the world’s top importer of the steel-making ingredient. For the three months ended March 31, total iron-ore output, excluding third-party purchases, rose 5% year-on-year to 74.5-million tons. The diversified miner, which also produces iron-ore pellets, coal, nickel, copper, potash and phosphate rock said its strong operational performance in iron-ore was underpinned by the Carajás operation, the largest iron-ore mine in the world, which produced 27.5-million tons and also set a new record for a first quarter.
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