RIO News: Vale (VALE) Reports 10% Sequential Dip in Q4 Iron Ore Output - 2nd Feb 2023, 4:39am

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Vale S.A. VALE reported iron ore production of 80.9 million tons (Mt) for the fourth quarter of 2022, which was down 10% sequentially and 1% year over year. Production at the Northern System was impacted by higher rainfall and lower output at Serra Norte. The Southern system production was impacted by seasonally higher rainfall in the Minas Gerais region. Southeastern performance was affected by planned maintenance at Alegria’s mining equipment, whereas Southern System results were impacted...

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