Interesting news coming out of Brazil.
I wonder how much supply this will remove. I hear that a Canadian mining with operations in Minas Gerais had a tailing dam leak due to the very strong rains,
https://www.miningweekly.com/article/vale-halts-iron-ore-operations-due-to-heavy-rains-maintains-guidance-2022-01-10
Vale halts iron-ore operations due to heavy rains, maintains guidance10TH JANUARY 2022 – Brazilian miner Vale said on Monday it has partially halted operations at its Southeastern and South iron-ore systems due to heavy rains that are affecting the state of Minas Gerais, but reiterated 2022 production guidance as the Northern system was not affected.Vale said in a securities filing that train circulation at its Vitoria-Minas railway was partially interrupted following the rains, which led output to be halted at the Brucutu mine and the Mariana complex as it was unable to transport iron-ore from these ventures.Both are located at Vale's Southeastern system - as well as the Itabira complex, which was not affected.At the Southern system, Vale said all of its complexes had to halt production as key highways BR-040 and MG-030 were interdicted.Despite the haltings, Vale added that the Northern System is still operating as planned, and it reiterated its 2022 iron ore production guidance at 320-million to 335-million tonnes."Vale is taking all measures needed to resume activities and keeping its focus on the safety of employees and communities," the company said. It did not provide a detailed timeframe for operations to be resumed. 
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-42543
-
-
- There are more pages in this discussion • 10,535 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$21.62 |
Change
-0.420(1.91%) |
Mkt cap ! $66.56B |
Open | High | Low | Value | Volume |
$21.61 | $21.78 | $21.48 | $190.2M | 8.611M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 15504 | $21.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.62 | 6560 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55 | 21.610 |
8 | 5180 | 21.600 |
3 | 1258 | 21.580 |
3 | 1995 | 21.570 |
2 | 450 | 21.560 |
Price($) | Vol. | No. |
---|---|---|
21.650 | 1000 | 1 |
21.750 | 7200 | 2 |
21.760 | 1000 | 1 |
21.770 | 179 | 1 |
21.800 | 4913 | 6 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |