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SC Allows Vale To Resume Wet Processing Operations At Brucutu Iron Ore Mine

Mining News - Published on Thu, 20 Jun 2019

Image Source: Reuters
Vale informed about the decision by the president of the Superior Court of Justice granting the request presented by the São Gonçalo do Rio Abaixo city, suspending the effects of the decision of Minas Gerais State Court, that granted the preliminary request for injunction by the State Public Prosecutors of Minas Gerais in the Appeal, within the scope of the public civil action, that suspended the activities at the Laranjeiras dam, located at Brucutu. The above-mentioned decision will enable the full resumption of wet processing operations at Brucutu within 72 hours, thus increasing the average quality of Vale's product portfolio.

Vale reaffirmed its 2019 iron ore and pellets sales guidance of 307-332 million tonne, as per previous announcement, and informed that its current sales volume will move towards the midpoint of the range.

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Posted By : Sanju Moirangthem on Thu, 20 Jun 2019
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