RIO DE JANEIRO (Reuters) - A Brazilian court has issued an injunction ceasing operations at several tailings dams owned by mining firm Vale SA, the iron ore giant said on Monday, which will hit production at a major mine.
The injunction, issued in response to a motion by prosecutors in the state of Minas Gerais, requires the firm to paralyze operations at 13 dams.
As a result, the company said, production at its major Brucutu mine will take longer than expected to come back on line.
The subsequent injunction, which occurred on Friday but became widely known via a Vale securities filing on Monday, will delay the restart of Brucutu, the firm said, without giving a specific timeline.
https://www.reuters.com/article/us-vale-sa-disaster/court-halts-operations-at-13-vale-dams-operations-at-major-mine-affected-idUSKCN1R61AC
Iron ore price, page-11266
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