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26 Jul
08:28

Vale's Middle East iron ore shipments rise sharply

Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East rose 16% on-year in the second quarter to 1.96 million tonnes, although this was down -25% versus Q1. The region accounted for 2.27% of Vale’s consolidated Q2 shipments compared to 2.06% in the year-earlier quarter. Middle East shipments in the first half of 2018 thus amounted to 4.59mt, up 28% on-year. Vale’s consolidated net operating revenue, including all min…
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