Thursday 23 July 2015

Otmane El Rhazi : Brazil's Vale hits second-quarter iron-ore record

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Brazilian mining company Vale said on Thursday it produced 85.3-million tonnes of its own iron-ore in the second quarter, a record for the quarter and second highest ever for the firm. The total was 7.4% higher than the same period last year as the world's largest iron-ore producer continues to ramp up output despite a falling price for the mineral, which recently touched a decade low. Vale's all-time quarterly record for the main steel-making ingredient was 85.7-million tonnes in the third quarter of 2014.

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