Replies to post #3944 on The Rising Influence of Rising Affluence

[DewDiligence]

VALE declares force majeure on iron ore shipments from southern Brazil due to excessive rainfall:

http://www.sec.gov/Archives/edgar/data/917851/000110465912001654/a12-2631_16k.htm

The lost production is estimated to be 2M tonnes, less than 1% of VALE’s expected 2012 output.