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

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok