Vale setback a boon for Australian iron ore producers

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 20-Mar-20

Vale’s iron ore distribution hub in Malaysia will be disrupted by the government’s efforts to contain the coronavirus. Vale expects work at the hub to be suspended until the end of March, which could reduce its iron ore shipments for the first quarter by an additional one per cent. The Brazilian miner had previously advised that its export volumes would be seven per cent lower than previously. The pandemic has affected mining operations worldwide, although it has yet to have any impact on Australia’s iron ore sector.

CORPORATES
VALE SA

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