14
Dec
09:05
Anglo American foresees lower Brazilian iron ore output
UK-headquartered miner Anglo American has lowered its annual production target for Brazil for 2019, Kallanish learns from the company’s latest investor presentation.
The miner says that it has downgraded its previous 2019 production forecast by 4-5 million tonnes. Anglo American’s new expectation is for iron production to reach 16-19mt (wet basis) next year at its mine in the Minas-Rio System in Minas Gerais. This would then increase progre…
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Very good overview of the weekly steel market.
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