Iron ore operations at some of 13 dams at Vale’s Brucutu mines will be paralyzed and this may delay resumption at these mines, company said in a press release.
The press release reads –”The referred decision will only impact the operations of the Brucutu mine, due to eventual discharges from its concentration plant into the Sul Dam. Consequently, Brucutu will not resume its operation within the timeframe estimated in the Press Release “Vale reports on operation at Brucutu mine”, dated March 21st, 2019 with estimated annualized production impact of approximately 30 MnTpy”.
The miner on 19th Mar had received court’s order in favor of resumption at Laranjeiras tailings dam and the Brucutu mine in Vale’s Southeastern System, Minas Gerais of Southeast Brazil, with final decision pending with State Agency for Environment and Sustainable Development (SEMAD). However, Last week on 21st Mar, Vale received approval from the (SEMAD).
Towards early Feb’19, Vale had shut operation at its Brucutu mines, causing a production loss of about 30 MnT pa. The move was a step ahead towards safety after iron ore producer underwent collapse at its dam at Corrego do Feijao mine in Minas Gerais in Brumadinho, Brazil on 25th Jan’19.
Dalian iron ore futures climb further by 0.3% today in earlier sessions against yesterday.
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