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Vale reports record output in Q1 as iron-ore price rallies

Brazilian diversified miner Vale has reported record iron-ore production at 77.5-million tonnes in the first quarter of 2016, representing the highest first-quarter production rate ever.
Carajás, located in Brazil and the world’s largest iron-ore mine, achieved a production record for the period ended March 31 of 32.4-million tonnes, an increase of 17.7% over the past 12 months, mainly owing to the excellent performance of the N4WS and N5S mines.