Brazil's Vale to restore full Brucutu mine output after court ruling [Reuters]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
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Source: Reuters
Brazil's Vale to restore full Brucutu mine output after court ruling - Reuters 2 Min Read BRASILIA (Reuters) - Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam. In a corporate filing, Vale also reaffirmed its 2019 iron ore and pellets sales guidance of 307 million to 332 million tonnes, and said that sales should be around the midpoint of that target range, up from its previously forecast low end of the range. “The (Supreme court) decision will enable the full resumption of wet processing operations at Brucutu within 72 hours, thus increasing the average quality of Vale’s product portfolio,” the miner said. Vale shares were up 1.1 percent in early trading in Sao Paulo, touching a two-month high and outperforming the broader benchmark Bovespa index which was down 0.2 on the day. Brucutu was shutt
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VALE
Earnings
- 4/25/24 - Miss
VALE
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- VALE's page on the SEC website