Vale announces a mine recovery production iron ore contract once hit a five-year high

Release time：Jun 24, 2019 From：admin

On June 24, 2019, local time in Brazil, Vale announced that the President of the High Court had decided to approve the request for the suspension of the judgment of the Minas Gerais court in São Gonza Sadu Rio Abaiyu. The wet processing of the Brukutu mining area will be fully restored within the next 72 hours, which will increase the average quality of the Vale product portfolio.

Vale reiterated that the company's guidance sales of iron ore and pellets in 2019 were so announced in the range of 307 million tons to 332 million tons, and the current sales forecast is the middle of the range.

On the morning of June 20, the main contract of iron ore once touched 820 yuan / ton, up nearly 2.5%, and hit a new high of nearly 5 years. As of press time, the main contract of iron ore has narrowed, reporting 812.5 yuan / ton.