Vale has reported an 11.2% year-on-year increase in iron ore production as two new facilities in Brazil ramped up production.
The Brazilian mining giant produced 86.2mt in the first quarter versus the 77.5mt seen in the same period in 2016.
However, production was down 6.7% on the previous quarter’s 92.4mt due to the usual weather-related seasonality in the first quarter of the year.
