Vale restarts Salobo copper mine after fire

By Staff reporter / October 25, 2021 / www.mining-journal.com / Article Link

Processing plant operations resumed on Friday and the ramp-up of copper concentrates production was expected today, Vale said.

It was still investigating the causes of the fire which had partially affected the conveyor.

Salobo had produced 172,700t of copper concentrate last year, and 38,000t of Vale's 69,200t for the September quarter.

Vale estimated an impact of about 8,000t on production, which it said was already incorporated into production estimates for the fourth quarter.

It had last week trimmed full-year copper production guidance from 360,000-380,000 to 295,000-300,000t due to issues including the Salobo fire and an earlier strike at Sudbury in Canada.

Copper supply constraints saw the spot price reach a record high of US$11,299.50/t on the London Metal Exchange last week.

 

Recent News

Silver inventories rebound in UK, output from major producers rises

December 15, 2025 / www.canadianminingreport.com

Silver's three-month outperformance continues

December 15, 2025 / www.canadianminingreport.com

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok