Vale has received the necessary authorization from Brazil’s National Mining Agency to resume the operations at the Alegria mine, lifting the suspension decision that has halted operations since March. This will allow Vale to restart approximately 8 million metric tons per year (mt/y) of the 50 million mt/y of idled iron ore production.
The company expects a 1-million-mt increase in production from Alegria this year. It reaffirmed its iron ore and pellet sales guidance of 307 million to 332 million mt for 2019 and expects sales to be between the lower and the midpoint of the range.
