Vale's fall in iron ore production in the first quarter of 2018 will not affect the Brazilian miner's output guidance for the year, executive officer for ferrous minerals and coal Peter Poppinga said this week.
"We continue [to be] committed to the 390 million tonnes production target,"' he told analysts during a conference call on Thursday April 26.Vale's first quarter iron ore output fell 4.9% year on year, affecting its earnings over the first three months of 2018, with the drop mainly a result of the company's decision to progressively reduce production of lower-grade ore...