News
12 February 2020

Vale loses spot as world's top iron ore producer to Rio Tinto

In:
Metals and Mining
Region:
Americas

Brazil’s Vale posted a sharp output decline and $671 million in net additional provisions stemming from a deadly dam burst last year, underlining the enduring effects of the incident on the iron ore giant. The company reported a 22.4% fall in fourth-quarter iron ore production from the...

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