Vale to restart Alegria mine, keeps 2019 sales guidance unchanged

Brazilian mining company Vale will resume operations at its Alegria mine through dry stacking to produce 1 million tonnes of iron ore in 2019, the company said, as it maintained its full-year sales volumes guidance of 307-332 million tonnes.

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...

Published

Renato Rostás

November 01, 2019

17:23 GMT

São Paulo