Vale said in late April it will mine between 310 million and 330 million tons of iron-ore powder and pellets in 2020, around 30 million tons less than it previously expected. "Brazil's Coronavirus Crisis Disrupts Iron-Ore Market, as Prices Surge" at 9:48 a.m. ET on May 20, incorrectly said Vale expected to mine between 345 million and 370 million tons, around 40 million tons less than before.

 

(END) Dow Jones Newswires

May 21, 2020 12:58 ET (16:58 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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