Reuters logo
Vale's first-quarter output falls on weather; reiterates guidance
April 20, 2017 / 11:26 AM / 8 months ago

Vale's first-quarter output falls on weather; reiterates guidance

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below