Vale suspends Ferrous Resources operations

Vale has temporarily suspended the operations of the concentration plant of the beam iron ore mine of Ferrous Resources in Brazil, which was announced on August 1, 2019, as it identified a deficiency in the documents regarding the Jeceaba municipality permit in Minas Gerais.

According to Vale, operations at the beam mine are not affected by this event and will continue as normal.

Vale also stressed that Ferrous fulfills all the requirements for the issuance of the business license and will resume its full activity as soon as the documentation is regularized. The permit is unrelated to the safety of either the dam or Ferrous operations.

The estimated impact of the temporary shutdown of Ferrous’s operations is approximately 330,000 tons of iron ore per month.

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