Brazilian iron-ore giant Vale has set an ambitious goal two years after a major dam disaster that was followed by coronavirus-related disruptions: producing 450m tonnes of iron ore per year by the end of 2022.
That is welcome news for capesize bulker owners after the Eduardo Bartolomeo-led miner's Brumadinho dam gave way in January 2019, slashing the producer's annual output amid company-wide infrastructure testing and maintenance stops.
