Vale to close Malaysian iron ore distribution center until March 31

Brazilian mining company Vale reverted to a previous decision to temporarily stop activities at Teluk Rubiah Maritime Terminal (TRMT), its distribution center in Malaysia, due to intermittent material supply.

The distribution center will remain closed until Tuesday March 31 at a minimum, the company said on March 23. Ships will then be redirected to blending units in China, adding that overall production and sales volumes should not be affected.
Vale, however, expects first-quarter sales to be 500,000 tonnes short of its previous guidance.

The company had already lowered its January-March output guidance by...


Renato Rostás

March 23, 2020

19:46 GMT

São Paulo