Vale partially resumes dry processing at Vargem Grande ComplexJul, 24, 2019 Posted by datamarnews
The National Mining Agency (ANM) authorized Vale to partially resume the dry processing of the Vargem Grande Complex. The operations of the whole Complex were interdicted on February 20, 2019, as determined by ANM, in order to prevent any triggers that could compromise the stability of the Complex dams, as a result of activities that had developed at the site.
The authorization will allow the partial and progressive return of the Complex’s dry processing, totaling around 5Mt of additional production in 2019 and, consequently, increasing the offer of Brazilian Blend Fines (BRBF).
Vale reaffirms its previously reported 307-332Mt iron ore and pellet sales guidance in 2019 and informs that current expectations are for sales to be around the center of the range.
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