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Vale achieves best-ever quarterly sales in Q1, despite slide in iron output

Creamer Media Deputy Editor: North America
Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The company reported that output during the quarter ended March 31 slipped 4.9% year-on-year to 81.95-million tonnes, reflecting management’s decision in the second quarter of 2017 to progressively cut lower-grade production in an attempt to position the company as a premium producer.

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