Debasis Mohapatra
Bengaluru, 11 September 2025
Iron ore shipments from the Brazilian mining giant, Vale will not be delayed owing to a fire at its maritime terminal Ponta da Madeira in Brazil.
According to reports, the fire had been extinguished with the help of firefighters after reporting of the fire. There would be no impact to the scheduled supply of ireon ore by the company to its customers owing to the fire, the company said, according to a report by Reuters.
Price of iron ore futures at Singapore Exchange (SGX) has increased by around $4 per tonne to close at $107.35 on Tuesday.
