Vale Output Expected to Tease Record Despite Dam Disaster
- Analysts predict miner to fall short of second-quarter record
- Second half of year includes S11D startup and potential deals
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Vale SA’s relentless expansion is expected to keep the world’s biggest iron-ore miner near record output levels despite the hobbling effects of last year’s Samarco dam burst on its Brazilian operations.
The Rio de Janeiro-based miner will report second-quarter output of 86 million metric tons, including third-party purchases, according to the average estimate of five analysts surveyed by Bloomberg. That compares with a second-quarter record of 89.3 million a year earlier, and 77.5 million in the first quarter, when Vale’s production is typically lower.