Brazil's Vale starts replacing higher-cost production
By Alberto Alerigi
SAO PAULO, July 13 (Reuters) - Brazilian miner Vale SA has started replacing 25 million tonnes per year of higher-cost iron ore production with newer, more efficient tonnes that are coming onstream, Vale's head of iron ore said on Monday.
Speaking on the sidelines of a steel conference in Sao Paulo, Peter Poppinga said the 25 million tonnes being substituted out were from the south system and "a little" from the south-east system in Minas Gerais, as well as from third parties. (Reporting by Stephen Eisenhammer; Editing by Jeffrey Benkoe)
© Thomson Reuters 2016 All rights reserved.