FMG 0.86% $18.44 fortescue ltd

Iron ore price, page-11265

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    The company said yesterday it had not been officially notified but was made aware of a March 22 decision by a Brazil court that issued injunctions essentially stopping activities at 13 tailings dams.

    The referred decision will only impact the operations of the Brucutu mine, due to eventual discharges from its concentration plant into the Sul dam," Vale said."Consequently, Brucutu will not resume its operation within the timeframe estimated [last week].

    "The company has previously said up to 10Mtpa could be impacted by the suspension of its Alegria mine in the Mariana complex, 12.8Mtpa from the suspension of Timbopeda and up to 40Mtpa by its accelerated upstream tailings dam decommissioning programme.

    Vale had hoped to restart its 30 million tonne per annum Brucutu iron ore mine in Minas Gerais over the weekend.


    https://www.mining-journal.com/bulks/news/1359523/vale-faces-further-setbacks

 
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