[Ferro-Alloys.com]The world’s mining giant Vale said on October 24th that it decided to suspend Simandou iron ore project in Guinea as iron ore prices slumped recently.

In fact, Vale had ever said in this July that it would start the production at Simandou iron ore project in end of this year.

However, Vale announced on October 24th that it was still observe and study the process of iron ore project.