At that price, Vale’s dividend and share buybacks could halve to $2.1 billion this year and operating cashflow would shrink to the lowest since 2016, according to Bloomberg Intelligence.

Although the Vale of Rheidol line no longer carries lead ore from the mines, as it did between 1902 and the 1930s, it does carry tourists from the seaside town of Aberystwyth to nearby Devil's Bridge.

Vale Shares Shed $17 Billion as Iron Ore Slump Foils Turnaround Brazilian miner’s stock fell despite the end of key overhangs Iron ore slid more than 25% last year amid China’s slowdown ...

(Bloomberg) -- A weaker China economy and battered iron ore prices have helped drive down Vale SA’s stock, making investors wary of uncertainties plaguing one of the world’s top suppliers of the ...