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    iron investing

    Vale SA Q4 Iron Ore Output Higher Than Forecast

    Investing News Network
    Feb. 02, 2013 06:15PM PST
    Base Metals Investing

    Bloomberg reported that Vale SA, which is the third biggest mining company in the world, posted higher iron ore output in the fourth quarter than six analysts’ estimates because of less rain in Brazil.

    Bloomberg reported that Vale SA, which is the third biggest mining company in the world, posted higher iron ore output in the fourth quarter than six analysts’ estimates because of less rain in Brazil.

    As quoted in the market news:

    Total output rose 3.1 percent to 85.5 million metric tons from 82.9 million tons a year earlier, the Rio de Janeiro-based company said in a statement today. That exceeded the 83.4 million-ton average of six analysts’ estimates compiled by Bloomberg.

    Click here to read the full Bloomberg report.

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