Brazil civic groups urge production halt at Vale mine amid COVID-19 concerns wtbx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtbx.com Daily Mail and Mail on Sunday newspapers.
Vale set to regain previous iron ore pellets output in 2022 after mine ramp ups
Brazil’s Vale expects to increase its iron ore pellets production “slightly” in 2021 following 2020’s plunge and to ramp back up to its previous production levels of between 50 million and 60 million mt/year in 2022, depending on demand, executive director, ferrous minerals, Marcello Spinelli told analysts on a Q4 2020 results webcast Feb. 26.
“The main restriction is production of pellet feed,” Spinelli said, noting the company is still under capacity at various mines in its south and southeastern systems where dam operations were curtailed following the Brumadinho tailings dam accident in January 2019.
Vale S A (VALE) Q4 2020 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Although the pandemic-related impacts and measures reduced productivity in all businesses and postponed the start-up of the new iron ore assets in 2020, Vale remains confident to achieve 400 million tpy capacity by the end of 2022.