Vale iron ore cash costs fall to $32/dmt CFR China

摘要

Miner Vale reported Thursdaylower cash costs for its iron ore operation inthe fourth quarter of 2015, as lower freightprices and bunker oil, along with a weak local currency, helped its position in an environmentof weak demand growth.Vale said iron ore unit freight costs fromoperations using mines in Brazil fell to anaverage of $14.10/mt in Q4 from $16.40/mtin Q3.