Ban costing Vale up to $3/T on iron ore

Dec 07, 2012 | 10:00 AM |

Tags  Vale, Valemax ships, ship ban, iron ore

SHANGHAI — Brazilian miner Vale SA is losing $2 to $3 per tonne on iron ore shipped to China due to a port ban on its Valemax vessels, according to Jose Carlos Martins, the company’s iron ore chief.....

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