Vale expects the various production restrictions that emerged in the last couple of months to affect its iron ore pellet output by 11 million tonnes per year, its chief financial officer Luciano Siani says.
The Brazilian miner - the world's largest iron ore producer - has halted the pelletizing units at its F??brica and Vargem Grande iron ore facilities in the country's southeastern Minas Gerais state in accordance with a directive from Brazil's national mining regulator, ANM. Vale came under increased scrutiny from local authorities in recent months after the deadly rupture of one of its tailings dams at its C??rrego do Feij??o mine in Minas Gerais in January.It now faces restrictions affecting...