February 11, 2020 / 12:21 PM / 2 months ago

Vale Q4 iron ore output falls 22.4% year-on-year following dam disaster

RIO DE JANEIRO, Feb 11 (Reuters) - Brazil’s Vale SA said on Tuesday its fourth-quarter iron ore production fell 22.4% from a year ago, as the company continues to ramp up operations following a deadly dam burst in early 2019.

In a securities filing, Vale said it produced 78.344 million tonnes of iron ore in the October-December period. The firm also said quarterly sales of the key raw material fell 3.2%from a year ago to 77.907 million tonnes. (Reporting by Gram Slattery and Ana Mano; Editing by Alex Richardson)

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