China’s 2023 iron ore imports hit a record high on rising demand
The world's largest iron ore consumer brought in a total of about 1.18 billion metric tons in the past year.
Brazilian miner Vale SA has been authorized to partially resume dry processing operations at its Vargem Grande complex, which should add 5 million tonnes to annual production, the company said in a securities filing on Tuesday.
Brazil’s mining regulatory agency had ordered Vale to halt operations at Vargem Grande in February to guarantee the stability of its dams. Vale reaffirmed its guidance for iron ore and pellets sales at 307-332 mln tonnes in 2019.
(By Gabriela Mello; Editing by Christian Plumb)
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