Hi Jhunt, This is straight from the Vale 2nd quarter report post...

Hi Jhunt,

This is straight from the Vale 2nd quarter report post the partial resumption of dry processing at Vargem. It would now be about 54mtpa run rate

Also some of the regained production would need to be allocated to a build up of reserves that were depleted in light of the disaster. (This was at least 6mt)

Cheers

III. Reducing uncertainties
• We made substantial progress in 2Q19 concerning the 93 Mtpy of Iron Ore production stopped in 1Q19 with the resumption of Brucutu operations on June 22nd, 2019, recovering 30 Mtpy of production capacity, and the partial return of dry processing at the Vargem Grande complex, adding about 12Mtpy (5 Mt in 2019). Regarding the approximate 50 Mtpy currently curbed, we expect that about 20 Mtpy of dry processing production will be gradually resumed starting by the end of this year and the remaining 30 Mtpy, which includes wet processing, is estimated to return in about two to three years