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Anglo slashes Minas-Rio guidance

Anglo American (LSE:AAL) has decreased the full-year guidance for its Minas-Rio iron ore operations in Brazil after it announced the operations were only expected to ramp up again in the December quarter.

Anglo slashes Minas-Rio guidance Anglo slashes Minas-Rio guidance Anglo slashes Minas-Rio guidance Anglo slashes Minas-Rio guidance Anglo slashes Minas-Rio guidance

Anglo's Minas-Rio is not expected to produce any more material iron ore product this year

Iron ore production from Minas-Rio fell 30% on the year to 3 million tonnes in the March quarter, with full-year guidance revised down to this level from the previous 13-15Mt, as no material