Bloomberg News

Vale’s Financial Impact of Lower Output Is ‘Insignificant’

January 12, 2012

Jan. 12 (Bloomberg) -- Vale SA’s financial impact of lower output amid heavy rain in three Brazilian states is “insignificant,” Jose Carlos Martins, the company’s head of ferrous and strategy, told reporters today on a conference call. He said any impact on iron-ore prices “will be small, if any,” as the market knows production is lower in January.

To contact the reporter on this story: Rodrigo Orihuela in Rio de Janeiro at rorihuela@bloomberg.net

To contact the editor responsible for this story: Robin Saponar at rsaponar@bloomberg.net


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