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Vale Optimistic About Recovery Of Output At Brucutu Iron Ore Mine

Mining News - Published on Fri, 14 Jun 2019

Image Source: reuters.com
Reuters reported that Vale which needs court approval to resume production at its Brucutu mine after a deadly dam collapse, told analysts it expects to do so soon. Vale said another 30 million tonnes of capacity could be restored in the second half once its Alegria, Vargem Grande and Timbopeba mines receive dry processing licenses. Vale had forecast in May that those licenses could take 6 months to 12 months.

Vale has told analysts it is focused on reaching agreements with those affected by the Brumadinho tragedy and with Brazilian authorities and expects to sign social and environmental settlements by the end of 2019 or in 2020

In addition, Vale mentioned that an investigation to determine the causes of the accident could be completed in the next three months and a final report ready in late September or early October

Vale was forced to suspend about 90 million tonnes per year of iron ore capacity after the collapse of a tailings dam in the mining town of Brumadinho killed at least 246 people, triggering a broad safety review. Brucutu is operating at only a third of its 30 million tonnes yearly capacity, using dry processing, which does not require use of tailings dams. Restoring the other 20 million depends on persuading a judge that the mine is safe.

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Posted By : Mohan Sharma on Fri, 14 Jun 2019
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