As Vale warns of a possible evaporation, iron ore iron out

admin May 17, 2019

5 Less than a minute

As Vale warns of a possible evaporation, iron ore iron out

Vale warns of possible women's collapse risk

According to Reuters, May 16, Vale (VALE) told prosecutors that a dam was in danger of destroying at the Gongo Soco mine. This mine is ~ 40 miles from the Vale's Brumadinho Dam, which collapsed on January 25, killing more than 230 people.

Prosecutors said that according to Vale's prediction, the pond in the city could collapse next week if the current speed of movement in

As Vale warns of a possible evaporation, iron ore

Rolls cut in shipments

Vale has previously announced that it would descend all the ladies built via upstream construction There have been several orders at Vals mines, which are expected to weaken the production of iron ore.In the fourth quarter, the profit result, Vale said it expected a volume decline of 75 million tonnes than previously expected, in addition to the decline in the supply of iron ore due. of Vals medium and long term, other miners have also flagged temporary disturbances that may affect their shipments in 2019.

For sewing disorders at BHP and Vale

BHP Billiton (BHP) expects a reduction of 6 million to 8 million tonnes of iron ore. Its ocean and rail operations are running at reduced prices due to flooding, which affects shipments. The likely effect on Rio Tinto's production (RIO) is even higher. Due to the combined effect of Cyclone Veronica and a fire on one of its ports in January, Rio expects an output of 14 million tonnes in 2019.

Due to the expected decline in iron ore supplies, iron ore prices have been gaining in 2019. Vale's last warning about the pond, the iron ore increased to a five-year high of over $ 100 per tonne.

Source link