Iron Ore Production Rises in Venezuela

Reuters reported Venezuela increased iron ore production by 6 percent in the first quarter of 2012 to its highest level in five years.

As quoted in the market news:

Iron ore output rose to 4.27 million tonnes in the first three months of this year, compared with 4.03 million tonnes in the same period of 2011, Radwan Sabbagh said in an interview published on Tuesday by the state newspaper Correo del Orinoco.

Click here to read the full Reuters report.