Vale to slash iron ore output target, but opening world’s largest mine in 2016

[caption id="attachment_839448" align="aligncenter" width="600"] S11D, also known as Serra Sul, will expand Vale’s mining activity in the Carajás Mountains of Northern Brazil, adding 90 million tonnes to the miner's annual capacity. (Image courtesy of Vale SA)[/caption] Brazil’s Vale (NYSE:VALE), the world's...