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World's top iron-ore miner swells output despite glut, bear market

Saturday, July 25, 2015 - 05:50

Rio de Janeiro

VALE SA boosted iron-ore production last quarter to the second-highest ever for the company, exceeding analysts' estimates and worsening a supply glut that saw prices of the steelmaking ingredient collapse.

Iron-ore output rose 7.4 per cent to 85.3 million tonnes in

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