In case some people think the life span of over 60 years was a mistake.
The Itabira district was the original home of CVRD(now VALE) Principally Cue and Conceicao,part of the output is sold locally to steel mills while the bulk is railed 600km to the company export port near Vitoria on the Atlantic coast. VALE also has pellet plants. Cuae has been in production since 1942 while Conceicao commenced operation in 1957.Both are projected to be exhausted in the year 2014.
Regards Westcott.
SDL Price at posting:
15.0¢ Sentiment: None Disclosure: Held
