Iron ore price, page-34502

https://www.reuters.com/business/en...ses-down-year-end-iron-ore-output-2021-07-29/

Brazil's Vale revises down year-end iron ore output
(VALE3.SA) flagged potential production setbacks on Thursday amid temporary issues at multiple iron ore mines, but executives said the Brazilian miner was still on track to ramp up output in the second half of the year.

In a presentation released on Thursday morning, the world's second largest iron ore producer revised down its guidance for year-end production capacity to 343 million tonnes per annum from 350 million tonnes previously.

Among the issues holding back production, Vale said, are licensing issues at its Sistema Norte and Mutuca assets in Brazil, as well as temporary restrictions on the disposal of mining waste at its Itabira mine.

In a call with analysts later in the morning, which followed Vale's second quarter results release on Wednesday evening, executives also warned that an ongoing strike at its operations in Sudbury, Canada, would hit third-quarter production there. The company and union representatives have been back at the table for 10 days in a bid to hash out a deal, they said.