30 de abril de 2014 / 17:33 / en 3 años

Vale says iron ore mining costs to fall with new mine

RIO DE JANEIRO, April 30 (Reuters) - Brazilian miner Vale expects its iron ore mining costs to fall from $22 a ton after the S11D, or Serra Azul, mine expansion in the Amazon opens, Chief Executive Officer Murilo Ferreira said on a Wednesday conference call to discuss first-quarter earnings.

The company's profit fell by nearly a fifth from a year ago as iron ore prices fell, and executives on the call said Vale had overestimated expected ore prices for the quarter. (Reporting by Jeb Blount; Editing by Bernard Orr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below