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Iron ore price, page-21651

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    Reopening TRMT allows them to ship material already stored at TRMT, which would explain it (if it's correct). Note the slight adjustment down from 310-340 Mt pa to 310-330 Mt pa. Creative accounting.

    Vale reopens iron ore terminal in Malaysia

    Brazil-based miner Vale has resumed operations at its Teluk Rubiah Maritime Terminal (TRMT), a distribution center in Malaysia, with maintenance work complete and health protocols being enforced to prevent the Covid-19 infection from spreading among workers.

    The action will not affect Vale’s iron ore production guidance for 2020, currently at 310-330 million tonnes, the company said on Monday May 18. But reopening TRMT would ensure better operational flexibility intended to meet that guidance figure,


    https://do not advertise external sites/Article/3933150/industry/Vale-reopens-iron-ore-terminal-in-Malaysia.html
    Last edited by jhunt: 26/05/20
 
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