Vale iron ore output may reach 400 million mt within three years

摘要

Brazilian miner Vale sees the possibility of reaching the 400 million mt iron ore output levels within two to three years, Chief Financial Officer Luciano Siani Pires said Friday. “Considering the 90 million mt that are currently standing, a third of it is related to Brucutu, another third is related to the dry operations of Alegria, Timbopeba and Vargem Grande, and the other third is related to wet mining,” said Siani Pires during an earnings conference call.