21
Jul
09:24
Vale's second-quarter iron ore output increases
Brazilian miner Vale increased iron ore output in the second quarter. First-half-of-2020 performance, however, reflected the coronavirus impact, Vale says in its Q2 earnings report monitored by Kallanish.
Q2 production losses were near 3.5 million tonnes of iron ore. Further volume losses related to absenteeism on account of Covid-19 cannot be ruled out in the coming quarters, Vale estimates.
Vale’s guidance for iron ore production in 2020 is unc…
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