Vale’s suspension from Itabira Complex is revoked

Vale informed that it was told on Wednesday, June 17th, from the Subsecretariat for Labor Inspection, in Minas Gerais, that its suspension from the Itabira Complex, composed of the Conceição, Cauê and Periquito mines, was annulled.  The Itabira Complex had been closed since June 5th due to a discussion about preventive measures to protect mining workers in the region in relation to the new coronavirus.

In a statement, Vale stated, “that it is aware of its socioeconomic responsibility and, since the beginning of the pandemic, it has been looking for ways to contribute to Brazilian society in the fight against the virus, protecting its employees and the communities surrounding its operations”.

Also according to Vale, the suspension resulted in a loss of production of less than 1 Mt. Activities will be resumed gradually by the company, without any change in the guidance for the volume of iron ore production from 310-330 Mt in 2020.

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