The restart was authorized by Brazil’s national mining agency, ANM, which reverted a March decision that had halted the unit, the company said on Friday November 1.
Output will be limited to 1 million tonnes of iron ore until year-end for safety reasons, it added.
“For the following years, production will gradually return, observing additionally the margin over volume strategy [of the company],” it said. “[Vale] expects sales to be between the lower [end] and midpoint of the range [in 2019].”
The decision from ANM allows Vale to resume 8 million tonnes...