Brazil’s Vale sees iron ore price above $80/tonne in 2017

Brazilian miner Vale SA expects the global price of iron ore to average above $80 per tonne in 2017, on the back of increasing steel demand and a smaller rise in new production entering the market, the company’s executive director of ferrous minerals said

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.

Brazil’s Port of Santos to Register Record Movement in 2017

Although Brazil’s economy has not yet recovered from the worst recession in decades, the Santos Port, largest port complex in Latin America, is forecasting to move a record 120.6 million