Vale’s Brazilian Dam Limitations Manageable, Follows Rapid Export Growth — Panjiva
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Vale’s Brazilian Dam Limitations Manageable, Follows Rapid Export Growth

Brazil 262 China 1762 Materials - Metals/Mining 484 Metals - Steel 362 Theme - Disasters 60

Iron ore miner Vale has stated it will have to reduce production by 30 million tons per year due to the closure of a series of mines due to dam safety. That followed a dam failure last month. In context Brazil’s total iron ore exports average 32.1 million tons per month in the 12 months to Nov. 30. Vale, which accounted for 88.3% of exports over the same period, had seen faster growth in the average with an 11.2% growth in shipments in the three months to Nov. 30 compared to a year earlier. That was led by shipments to Chinese buyers including Baoshan Iron and Steel.

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