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Vale to restart Brucutu iron ore operations within 72 hours

Mining News - Published on Thu, 18 Apr 2019

Image Source: Reuters UK
Vale SA informed on the decision of the Minas Gerais Court of Justice president to partially suspend the injunction of the Court of Santa Bárbara, made on March 22nd, 2019, within the scope of the public civil action, filed by the Public Prosecution Office of the State of Minas Gerais, specifically in regard to the ruling on the immediate interruption of any activity that could lead to an increase in the risk of rupture of the tailing structures located at the municipality of São Gonçalo do Rio Abaixo. The abovementioned decision will allow the complete return of the Brucutu mine operations in the next 72 hours, which is equivalent to a yearly production volume of 30 million tonnes per annum. However, heavy rains in São Luís do Maranhão in March and April affected shipments of the Ponta da Madeira port, the railway transportation at EFC, thus impacting the production volumes at the Northern System.

As a result of both events, Vale reaffirmed its 2019 iron ore and pellets sales guidance of 307-332 million tonnes, as previously announced, and informed that its current sales volume expectation should stay around the middle of the range.

Source :

Posted By : Rabi Wangkhem on Thu, 18 Apr 2019
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