Heavy rainfall is disrupting southeastern Brazil's giant iron ore industry, with the world's No. 2 producer Vale among companies to halt operations and regulators dispatched to monitor any impact on tailings dams.
Heavy rainfall is disrupting southeastern Brazil's giant iron ore industry, with the world's No. 2 producer Vale SA among companies to halt operations and
Vale, the world's second largest iron ore giant, has suspended production at some iron mines due to heavy rains in southeastern Brazil. Vale said in a statement on Monday that it had partially suspended iron ore production in the southeastern and southern systems and train services on the Estrada de Ferro Vitoria a Minas railway in order to ensure the safety of its employees and communities. In a statement on Monday, despite the torrential rain, Vale reiterated its production target of 320 million to 335 million tons by 2022
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