Vale receives authorization to resume operations at mine in Mariana

ale may once again operate the Alegria mine in the Mariana Complex in Minas Gerais, which was closed in March 2019. The company said today (11/01) that it has received the Mine Operations Interdiction Term by the National Mining Agency (ANM), suspending the effects of interruption in the operation made at that time.

According to the company, the authorization releases the capacity of about 8m tons of iron per year (Mtpa) of the approximately 50m (Mtpa) that were paralyzed, as presented in Vale’s 3Q19 Performance Report and will enable the partial return of the dry operations at the Alegria mine. “With the resumption, approximately 42 Mtpa of iron ore production capacity is still paralyzed,” Vale said in a statement.

To ensure a safe return to operations, Vale estimated the increase in production volume in 2019 to be 1 Mt, with no impact on expected total sales this year. The increase in production will occur in the coming years.

“For the next few years production will gradually return, in addition to the margin over volume strategy,” said Vale.

Vale has, however, confirmed its guidance [of the company’s own estimates for future results] “of iron ore and pellet sales of 307-332m tons for 2019, expecting them to be within the lower limit and center of the estimate.”

Source: Agência Brasil

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