Brazilian iron ore miner Vale has reported a rise in earnings to $76m in the second quarter of 2018 compared with $16m the second quarter of 2018 with revenue rising 5.8% YoY to $ $76m , thanks in part to record iron ore output together with high prices. A bulk carrier ship sits berthed next to gantry cranes at the pier of Vale SA's Teluk Rubiah... Despite a national truckers' strike, iron ore sales were up 19% compared with the same time in 2017 , helped by production from the company’s newly developed S11D mine, the largest of its kind in the world, which alone saw output rise 23% . High Chinese demand helped realised iron ore prices grow 22% in Q2 .
Brazilian iron ore miner Vale has reported a rise in earnings to $76m in the second quarter of 2018 compared with $16m the second quarter of 2018 with revenue rising 5.8% YoY to $ $76m , thanks in part to record iron ore output together with high prices. Despite a national truckers' strike, iron ore sales were up 19% compared with the same time in 2017 , helped by production from the company’s newly developed S11D mine, the largest of its kind in the world, which alone saw output rise 23% . High Chinese demand helped realised iron ore prices grow 22% in Q2 .