Brazilian mining giant Vale resumes operations at Salobo

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(Kitco News) - Brazil's Vale today announcedthe resumption of conveyor belt operations at Salobo, that was halted for 18days due to a fire that partially affected the conveyor.

The causes of the fire arebeing investigated, the company said in a statement.

Processing plant operationswill resume today, Vale added, with ramp up of copper concentrates productionby October 25.

Vale said it estimates animpact of approximately 8kt on production, already incorporated in productionestimates for the 4th quarter.

On October 5, Vale reportedthat the production of copper concentrate at its Salobo mine was suspended dueto a fire affecting a conveyor belt.

According to the company'sdata, Salobo produced 172,700 tonnes of copper in 2020, nearly half of Vale'stotal copper output.

By Vladimir Basov

For Kitco News

Follow kitconewsnow vbasov@kitco.comwww.kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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