Brazilian miner and iron ore producer Vale should see a stronger cash flow in 2020, even despite weaker iron ore prices, as compared to 2019, a media report from Valor said.
Vale is expected to post an EBITDA of $18 billion for the full year 2019, according to analysts from Itau BBA, who also estimate iron ore prices in 2020 could reach between $75-$80/mt.
The bank estimated Vale’s sales to reach between 330-335 million mt in 2020, slightly up from the 310 million mt the miner sold in 2019.