Just to add to my last post about PDM Port, which ship IOs from S11D mines, Vale said earlier that S11D will reach full capacity this year, adding 30MT more than last year to compensate the loss from the January incident. Last year average shipment out of PDM Port is 0.514MT per day, to add 30MT, PDM has to ship 0.596MT per day. So far in March this month, they've only done 0.285MT per day.
These numbers doesn't really add up, Vale is probably in more trouble than what they are disclosed to the market. I'll be watching very closely on Vale's shipping data in coming month.
DYOR
Frank
Just to add to my last post about PDM Port, which ship IOs from...
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