Operations at the iron ore concentration plant had been suspended for six days, the company said, as it rectified alleged issues pertaining to its operating permit.According to the miner the halt resulted in 11,000 tonnes per day fewer of iron ore fine production.Iron ore price jumped 5% on Wednesday after Vale suspension and on signs the Chinese economy continues to pick up pace.This is the second time Vale has suspended operations at the waste disposal plant, with impact to production, since acquiring it in August last year.Vale bought miner Ferrous Resources Limited for $550 million in 2019, including units for mining tailings disposal, after shutting down some of its dams in Minas Gerais state for security risk.Two weeks after the acquisition in 2019, Vale said it had identified an inconsistency in the documents related to the operation permit from the municipality of Jeceaba. Operations were suspended for about three months, with a similar impact to production – approximately 330,000 tonnes per month – the company said then.
Mining News Pro - Beny Steinmetz was found guilty of bribing a public official to secure an iron-ore mine in Guinea worth billions of dollars.
Mining News Pro - Mount Gibson has sold 2.3 million tonnes of iron ore in the first half of the 2021 financial year ahead of entering a new phase of operations at ...
Mining News Pro - The dam collapse at Vale’s Córrego do Feijão mining complex in Brazil, which killed almost 300 people two years ago, could have been foreseen with ...
Mining News Pro - Simandou in Guinea is home to the world’s richest untapped deposits of iron ore but legal wrangling, alleged corruption and the difficulty of ...
Mining News Pro - Guinea President Alpha Conde has retained Abdoulaye Magassouba as mines minister overseeing the West African nation`s bauxite, iron-ore, gold and ...
Mining News Pro - Port Hedland has cleared all large vessels from the port’s anchorage as Cyclone Lucas approaches the coast of Western Australia’s Pilbara region.
Mining News Pro - A tropical low system in the Indian Ocean off Australia’s west coast was expected to develop into a tropical cyclone, Australia’s weather bureau ...
Mining News Pro - Venture Minerals has set a pathway for iron ore production at the Riley mine in Tasmania by next quarter after completing construction of the wet ...
Mining News Pro - Civmec has won contracts with BHP, Rio Tinto, Roy Hill and Alcoa of Australia across Western Australia worth a combined value of more than $100 ...