From Australian Mining 2 Nov, 2015
"Mega iron ore miner Vale is the first of the majors to announce a reduction its iron ore production rates.
The miner cut back its forecast for next year to address ongoing volatility in the market, oversupply and low margins, and as a reaction to the Samarco mine spill,according to Bloomberg.
It comes as iron ore reaches its lowest point in nearly a decade, falling below the US$40 per tonne benchmark."
http://www.australianmining.com.au/...ail&utm_term=0_fe913f1856-b2dd520524-60391605
