Chile keeps output steady in May even as coronavirus explodes

The cut-back should help the miner lower all-in sustaining costs of production and generate free cash flow.

Ruling puts and end to dispute dating back to 2013.

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

New warnings about impact of super-concentrated supply of steelmaking raw material.

The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.

Inception CFO and Director Trent D'Ambrosio shares with The Gold Report his company's plans to boost production and expand mine life at Clavo Rico.

Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.

From 2005 to 2015 Chile's copper output rose a mere 8%, while Peru’s grew 37%, China’s 114%, Zambia’s 72% and Congo’s 956%.