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Vale sees 2018 iron ore prices not much lower than this year

Reuters - UK Focus

NEW YORK, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Brazilian miner Vale (Swiss: VALE.SW - news) 's chief executive said on Wednesday he does not expect iron ore prices to be much lower next year compared with 2017.

Speaking at an investors' event in New York, Fabio Schvartsman also said the company would do everything to resume operations as soon as possible at the Samarco mine, a joint venture with BHP Billiton (NYSE: BBL - news) that has been closed since a tailings dam collapsed in 2015, killing 19 people. (Reporting by Christian Plumb; Editing by Susan Thomas)