Vale steels itself for major opportunities

CEO says China's ongoing efforts to reduce pollution and improve productivity are expected to boost demand for high-quality iron ore

China's efforts to reduce pollution and improve productivity are expected to boost demand for high-quality iron ore, and that represents an opportunity for suppliers that offer top quality ore, said Fabio Schvartsman, CEO of Brazilian mining conglomerate Vale SA.

"We have just finalized the largest investment in our history, the S11D project, which enables us to continuously supply high-quality iron ores to the market, and this is a happy matching between what China is demanding and what Vale is able to supply," Schvartsman said.