Brazil’s Vale produced record 349 mln tonnes of iron ore in 2016

Brazilian miner Vale SA said on Thursday it produced a record 349 million tonnes of iron ore in 2016, above its own guidance, helped by the successful ramping up of its new S11D mine in the Amazon.

Mitsubishi Propellers to Be Produced in China

Japan’s Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME) has concluded a licensing...