Vale obtains license to resume iron ore extraction in Pará

On Friday, November 27, Vale announced that it has received the installation license to return to and expand its operations in Serra Leste, in Curionópolis (PA), paralyzed since January 2019, after having reached the limit of its iron ore extraction license. In the coming weeks, maintenance will be carried out for the safe resumption of operations in December.

Serra Leste, with a capacity of 6 million tons a year of iron ore, is expected to produce around 4-5 million tons in 2021, reaching its full capacity in 2022, following the programmed “ramp-up” of resumed mining activities.

“The expansion project, which consists of the adaptation and re-working of the existing plant, will allow for a capacity expansion to 10 Mpta (million tons/year), with a ‘start-up’ scheduled for the first half of 2023”, said Vale. “The return of Serra Leste is another step in the stabilization of iron ore production on the way to the return to a 400-million-ton production capacity, said the note.

In October, Vale’s CEO, Eduardo Bartolomeo, pointed out that the goal of producing at a rate of 400 million tons per year could be achieved by the end of 2022 or the beginning of 2023.

Source: Reuters

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