Vale Q2 iron ore output up 2.4% from a year earlier
The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.
A remote geographic zone straddling Canadian Québec and Labrador areas is causing quite a stir in mining circles due to the large iron reserves waiting to be developed into mines. The 1000-kilometre-long area, also known as the Labrador Trough or the New Quebec Orogen holds several iron ore deposits of substantial size and grade.
Visual Capitalist has created a unique infographic, explaining why the Labrador Trough is poised to become one of the world’s major iron ore producing regions.
2 Comments
Baymanbooby
where can I send a resume to ?
a choudhury
The amount of investment is surely goin to come and mining will start in schedule for sure.
But the moot point will be the percentage and speed of extraction.