SAO PAULO, April 20 (Reuters) - Vale SA’s first-quarter iron ore output fell 6.7 percent as seasonal rainfalls in a fast-growing mine in northern Brazil hampered extraction and the world’s No. 1 producer of the raw material sought to rein in production at low-margin facilities.
In a Thursday statement, Vale said iron ore production totaled 86.198 million tonnes last quarter, compared with 92.386 million tonnes in the prior three months. First-quarter trends indicate that ore output could come within guidance of 360 million tonnes to 380 million tonnes this year.
Reporting by Guillermo Parra-Bernal