BULKS

Brazil rains cost Vale 1.5Mt of iron ore production

Transport also halted by the weather

Nathan Richardson
Brazil rains cost Vale 1.5Mt of iron ore production

"Vale considers the seasonal impact of the rainy season in all operations, and therefore reiterates its iron ore production guidance of 320-335Mt for 2022," Vale said. 

In making the announcement, Vale said it had partially resumed its operations in Minas Gerais after it advised the market on January 10 that the rainfall had led to the suspension of rail shipments. 

"In the Southeastern System, the trains transit on the Estrada de Ferro Vitória a Minas railway has been resumed on the Rio Piracicaba-João Monlevade stretch, thus allowing the gradual expedition of Brucutu and Mariana complex's production," Vale said, noting that there are no longer production sites halted in this system due to the rains. 

"The BH branch line, which is responsible for general cargo transportation, is halted, and logistic alternatives are being evaluated for the definitive resumption of the branch line and for the expedition of general cargo while the branch line remains halted," the company said. 

Meanwhile, about half of the capacity of the Southern System was gradually resumed over recent days, while more capacity will be brought back online in the coming days, Vale said. 

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.