Article in AFR now about Vale’s output woes.
Looking at their output numbers, even if they produce 110mt from Northern Brazil in this half they are aiming for and output in southern Brazil from June qtr is replicated in the next two quarters and there is a further increase by 10mt in this half from Brutchu (20mtpa wet capacity, 10mt capacity was previously still in play despite suspension), output would only be just short of 300mt.
This would be well down on the 320mt figure they are aiming for. (The 320mt though is based on sales, not output). Nevertheless output is the sustainable measure as sales can increase due to increased inventory drawdowns.
Article in AFR now about Vale’s output woes. Looking at their...
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