Vale have lost the disaster mine capacity, about 40M tonnes p.a. The Brasil courts have also shut down another mine in the same county (state?) with a similar dam, capacity about 30M tonnes. Vale are appealing this court decision, should be handed down one way or the other in a week maybe....There could be other mines in other areas of Brasil with similar dam structures. Maybe more shutdowns.
Looks like going to be a shortage of iron ore....BRING IT ON Will help to get investors excited
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
