VALE RESERVES OF IRON ORE FALL 17%, TO 17.46 BILLION TONNES

Vale had a reduction of 17% in its reserves of iron ore last year, according to the Form 20-F published this Thrusday by the company.

The total volume was 17.46 billion t in 2015, compared with 21.05 billion t in 2014.

The Samarco reserves were excluded of the document.