Business
Rio Tinto iron ore on track as Brazil flounders again – The Australian Financial Review
Australia’s biggest iron ore exporter had its best start to a year since 2018 and iron ore prices will be bolstered by weak output from Brazilian miners.
Vale produced 68 million tonnes in January-March, below the 72 million tonnes expected by analysts.
Perhaps more importantly, Vale only sold 59.2 million tonnes in the period.
Vales sales lagged its production rates last year and management had vowed sales would keep pace wth production at the mines in 2021.
The early signs suggest Vale is struggling to deliver on that promise.
On the contrary, Rio relied on its stockpiles in WAs Pilbara region to ship 1.4 million tonnes more iron ore than it dug…
-
Business24 hours agoHere is the average Australian superannuation balance at age 67
-
Noosa News22 hours agoQueensland dancer Zai Calliste makes it to English National Ballet
-
Noosa News20 hours agoGWS Giants vs Hawthorn Hawks live: AFL elimination finals scores and stats, Fremantle take on Gold Coast, league admits Cam Rayner error
-
General15 hours agoVideo allegedly showing man trying to catch freshwater crocodile prompts investigation