Vale iron ore output falls; copper, cobalt rise

Iron-ore output at Brazilian global miner Vale fell 3.5 per cent in the first quarter on declining ore quality and licence delays at old mines, the company said on Wednesday.

The impact of falling iron ore output was eased by rising production at new and much-delayed projects in Brazil, Canada, New Caledonia and Mozambique, Vale said in a securities filing.

Nickel and coal output rose and Vale recorded record levels of copper and cobalt production, Vale said.

via Business feed http://www.scmp.com/business/companies/article/1217354/vale-iron-ore-output-falls-copper-cobalt-rise