Vale iron-ore output, sales slump after deadly Brazil dam burst

Brazil’s Vale said on Wednesday that its iron ore production and sales slumped in the first quarter from a year earlier, reflecting the impact of the deadly collapse of a tailings dam at Brumadinho in late January.

Iron ore output fell 11% to 72.87-million tonnes while sales of the commodity slid 22% in the three-month period to 55.416-million tons.