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Vale CEO says Brazil truckers' strike having minor effect on operations

Vale SA CEO Fabio Schvartsman said that the ongoing strike by Brazilian truck drivers has had a minor impact on the company's operations in the country, Reuters and Metal Bulletin reported May 29.

Schvartsman added that the impact could worsen if the strike continues, and the company will have to reduce its production pace.

Speaking at an event in Sao Paulo, the executive said Vale plans to announce "organic growth" in the coming months.