Vale lifts force majeure on iron ore shipments

Jan 06, 2014 | 09:00 AM | Michelle Madsen

Tags  Vale, iron ore, iron ore shipments, force majeure, BHP Billiton, Rio Tinto, Michelle Madsen

LONDON — Brazilian mining major Vale SA has lifted the force majeure notice that it imposed on iron ore shipments last month, the company said Jan. 6.

The miner declared force majeure on a number of iron ore sales contracts Dec. 27 after heavy rainfall disrupted output and shipping activity in its southeastern system, with operations in the state of Espirito Santo hit particularly hard (amm.com, Dec. 30).....





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