Rio Tinto digs in as Vale raises iron ore grades

Original article by Peter Ker
The Australian Financial Review – Page: 15 : 19-Feb-18

Brazilian iron ore miner Vale has advised that the average iron grade of its ore rose to 64.3 per cent in the December 2017 quarter. Vale has been progressively increasing the quality of its iron ore, due to factors such as increased output at its higher-grade mines and a corresponding fall in production at mines that yield lower-grade ore. Although Vale has indicated that it aims to further lift the average grade of its iron ore, Rio Tinto has ruled out similar action at its Australian iron ore mines.

CORPORATES
VALE SA, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, CITIC LIMITED, ANSHAN IRON AND STEEL COMPANY

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