Vale is maintaining its iron ore fines production guidance for 2020 despite suspending operations at its Itabira mining complex from Friday June 5 to support the fight against Covid-19, it said over the weekend.
Its iron ore fines production guidance of 310-330 million tonnes in 2020 will remain unchanged because the loss of 15 million tonnes due to the Covid-19 pandemic has already been considered.But there may be a temporary shortage of pellets for the Brazilian market given...