Vale halts iron-ore operations due to heavy rains, maintains guidance

  • Tuesday, January 11, 2022
  • Source:ferro-alloys.com

  • Keywords:iron-ore
[Fellow]Vale halts iron-ore operations due to heavy rains, maintains guidance

【Ferro-alloys.com】Brazilian miner Vale said on Monday it has partially halted operations at its Southeastern and South iron-ore systems due to heavy rains that are affecting the state of Minas Gerais, but reiterated 2022 production guidance as the Northern system was not affected.

Vale said in a securities filing that train circulation at its Vitoria-Minas railway was partially interrupted following the rains, which led output to be halted at the Brucutu mine and the Mariana complex as it was unable to transport iron-ore from these ventures.

Both are located at Vale's Southeastern system - as well as the Itabira complex, which was not affected.

At the Southern system, Vale said all of its complexes had to halt production as key highways BR-040 and MG-030 were interdicted.

Despite the haltings, Vale added that the Northern System is still operating as planned, and it reiterated its 2022 iron ore production guidance at 320-million to 335-million tonnes.

"Vale is taking all measures needed to resume activities and keeping its focus on the safety of employees and communities," the company said. It did not provide a detailed timeframe for operations to be resumed. 

  • [Editor:zhaozihao]

Tell Us What You Think

please login!   login   register
  • Buy & Sell

 
Please be logged in to comment!