Brazilian miner Vale intends to start production of iron ore using dry processing at some of the sites that were closed following the failure of a tailings dam at the C??rrego do Feij??o mine in January.
This will potentially add 30 million tonnes per year of iron ore to the company's annual output, according to several reports from investment banks that were released after a meeting with company executives.Vale is currently using crushing and screening processes at the Brucutu mine. The unit is running at a rate equivalent to 8-10 million tpy of iron ore, as previously stated by the company.The Brazilian miner is now seeking permits to do the same at its Timbopeba, Alegria, Vargem Grande and Pico mines, chief executive officer Eduardo Bartolomeo and chief financial officer Luciano Siani told analysts on Wednesday June 12.Leonardo Correa of BTG Pactual wrote that operating with dry processing at these additional mines could still take months to achieve. Bradesco analyst Thiago Lofiego said...