Hi Kerrym, well I just got surprised to see the announcement out moments ago. Yep, it was scheduled to be released on 25 July.
Sales were 62mt and output 64mt, down 34% YOY
Looks like I was 1mt off with my sales forecast. Not bad at all
http://www.vale.com/EN/investors/in...s-Releases/ReleaseDocuments/PREPORT2T19_i.pdf
https://www.reuters.com/article/us-...33-8-following-brazil-dam-break-idUSKCN1UH1EL
COMMODITIES
JULY 22, 2019 / 10:24 PM / UPDATED 16 MINUTES AGO
Vale second-quarter iron ore output nosedives 33.8% following Brazil dam break
A logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado
SAO PAULO (Reuters) - Brazil’s Vale SA said on Monday that its second-quarter iron ore production tumbled almost 34% from a year ago as many of its key dams remained all or partially shut down following a deadly dam burst in January.
The drop to 64.057 million tonnes came as several major mines including Brucutu, its largest mine in the southeastern state of Minas Gerais, were at least partially shuttered for all or most of the quarter. The world’s top iron ore exporter also said that quarterly sales of the key raw material fell 15.5% to 61.945 million tonnes.
Hi Kerrym, well I just got surprised to see the announcement out...
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