See AFR today. I haven't gone looking for Vale's results yet but it's sourced from there. It'll be interesting to see how China responds - they don't like paying that much for IO ... and also don't want the pollution associated with their low grade an uneconomic mines. But, they have used these mines successfully in the past to push down seaborn demand and prices for IO before. Very good news for the more marginal IO operations - shame MIN didn't get Atlas too. Got to say - CE does have a knack of buying (and selling) parts of mines at the right time.
https://www.copyright link/business/mining/iron-ore/rio-tinto-to-take-iron-ore-crown-as-vale-struggles-20190723-p529q8
Ann: 2019 Financial Year Earnings Guidance, page-215
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