02
Dec
21:58
Vale looks to S11D project to smash costs
The task facing iron ore junior miners to remain afloat in the now intensely competitive iron ore market became depressingly clearer following a presentation by Vale at its NYSE day on 1 December. The Brazilian miner’s production targets up to 2020 are formidable enough but it is the intended reduction in cash costs following its S11D mine project that will cause smaller competitors to have nightmares.
From an estimated iron ore output of 340 million tonne…
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Anonymous
Very good overview of the weekly steel market.
Anonymous