Vale shaves max iron-ore sales guide by 20 mln t for ‘19
Nov 12, 2019 19:20
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Vale has updated its iron ore and pellets sales guidance for 2019, keeping the lower end of the range at 307 million tonnes but reducing the upper end of its guide to 312 million tonnes from 332 million previously, according to its latest statement released on November 11 Brazilian time. The miner expects its sales for the current quarter ending December 31 to be in the 83-88 million tonnes range, the statement indicated.
Though Vale pointed out that the estimates are still subject to change, the update is currently within the company’s previous expectation, the sales guidance having been revised down to the lower and the midpoint of 307-332 million tonnes on October 31 due to the temporary suspension of tailings disposal at