Vale taps Marcelo Bacci as new CFO
Bacci, who served as finance chief for pulp maker Suzano, will replace Murilo Muller, who is temporarily serving in the job.
Australia’s Fortescue reported a 4% rise in its first quarter shipments on Thursday, boosted by strong performance at its Iron Bridge project.
The world’s fourth-largest iron ore miner shipped 47.7 million tonnes (Mt) of iron ore for the quarter ended Sept. 30, compared with 45.9 Mt shipped a year ago, exceeding a Visible Alpha consensus of 47.4 Mt.
In comparison, the company shipped 53.7 Mt in the previous quarter ending June 30.
The Perth-based miner also reaffirmed its iron ore shipments guidance for fiscal 2025.
(By Echha Jain and Shivangi Lahiri; Editing by Tasim Zahid)
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