Vale restarts ship loader after January fire at Ponta da Madeira

By Staff reporter / July 05, 2021 / www.mining-journal.com / Article Link

The blaze on January 14 had not caused casualties or environmental damage or impacted shipping, the Brazil-based miner said. 

Analysts had initially warned the fire could have reduced Brazil iron ore exports by as much as 32 million tonnes over the next 12 months. 

"The maintenance of CN6, which evolved the substitution of over 60% of its components, did not impact PDM's monthly iron ore shipment schedule," Vale said on Friday.

"During the maintenance period, the P4S sustained its shipping activities using its second ship loader (CN7), which was not affected by the fire."

The port has shipped almost 200Mtpa of iron ore in recent years and is one of Vale's main assets.

Vale shares have doubled in the past 12 months as the iron ore price recently powered to a record high, bolstered by production setbacks in Brazil and demand in China.

The company is capitalised about US$120 billion.

Recent News

Immediate trigger for crash was new Fed Chairman pick

February 02, 2026 / www.canadianminingreport.com

Gold stocks slump on metal price decline

February 02, 2026 / www.canadianminingreport.com

Is the gold market starting to turn 'irrationally exuberant'?

January 26, 2026 / www.canadianminingreport.com

Gold stocks explode up as equity markets languish

January 26, 2026 / www.canadianminingreport.com

Gold stocks outpace flat large caps

January 19, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok