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Brazil truckers strike having limited impact on Vale operations – CEO

30th May 2018

By: Reuters

  

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SAO PAULO – A strike by Brazilian truckers to protest a hike in diesel prices has had a limited impact on operations at Vale, the world's top iron-ore producer, but could worsen if the strike continues, CEO Fabio Schvartsman said on Tuesday.

Speaking at an event in Sao Paulo, Schvartsman also said he saw a floor for international iron-ore prices at around $60/t and that the company would announce "organic growth" in the coming months.

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