FMG 0.86% $18.44 fortescue ltd

Vale expects to produce 75-million tonnes this year from the...

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    Vale expects to produce 75-million tonnes this year from the S11D operation in Carajas Serra Sul, its biggest miningproject ever, with output seen increasing to 90-million in 2020, the company said in a presentation for investors.

    In a forecast labeled "Beyond 2020," Vale outlined a possible expansion in Carajas Serra Sul to 150-million tonnes or production.

    Still along way off IMO
 
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