FMG 0.18% $21.63 fortescue ltd

No big deal unless I read it wrong 7-8 million tonnes per year...

  1. 3,510 Posts.
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    No big deal unless I read it wrong 7-8 million tonnes per year should have minimal affect on IO price at the moment

    "BHP expects Samarco to restart operations gradually in the coming weeks after all equipment tests have been completed to meet safety requirements for people and the environment," the spokesperson said.

    For the first concentrator, the tailings filtration system was expected to allow about 80% of the total tailings after final beneficiation to be dry-stacked on the Alegria Sul pile.

    The other 20%, comprising water and ore fines, would be put in the Alegria Sul pit, while the water extracted was expected to be used in operations.


    Vale has said it expected Samarco to produce 7-8 million tonnes per year, following the restart with one of the operation's three existing concentrators.


    Samarco had expanded its iron ore pellet production capacity to 30.5Mt in 2014.

    It had produced 24.9Mt in 2015, 97% in pellets and 3% in iron ore fines, until its operations were halted.

 
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