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Vale to Resume Operations at 8 million tonne per year Alegria Iron ore Mine

Mining News - Published on Wed, 06 Nov 2019

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Vale informed that it has received the necessary authorization from the National Mining Agency to resume the operations of the Alegria Mine, reverting the suspension decision of the operation that has been halted since March 2019. This authorization allows the restart of approximately 8 million tonne per year of the 50 million tonne per year of previously halted production and enables the partial resumption of dry processing at the Alegria Mine, while approximately 42 million tonne per year of iron ore production capacity remains suspended. With the goal to safely return to operations, Vale expects that the increase in production will be up to 1 million tonne in 2019, not impacting expected sales volume this year. For the following years production will gradually return, observing additionally the margin over volume strategy.

Vale reaffirmed its iron ore and pellet sales guidance of 307-332 million tonnes for 2019 and expects sales to be between the lower and the midpoint of the range.

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Posted By : Rabi Wangkhem on Wed, 06 Nov 2019
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