Global miner Vale has room to replace sales of lower-quality iron ore with high-quality material, due to the scale potential at its S11D mine and a pellet feed brownfield project.
The company will continue to increase production at its S11D iron ore mine, in Brazil's northern Caraj??s region, and invest in pellet facilities, while continuing to gradually reduce output of lower-quality iron ore, chief executive officer Fabio Schvartsman said on Thursday October 25.Vale's share of premium iron ore products reached 79% in the third quarter of 2018, compared with 72% in the same period a year before.The company reaffirmed...