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Vale 4Q20 iron ore output lower than estimated

Vale 4Q20 iron ore output lower than estimated Image from Vale. Vale reported 4Q20 output of 84.5 million tonnes, lower than estimated by analysts, mainly due to higher rainfall levels and tailings disposal restrictions in the Southeastern System in Brazil. The number is a 5% decline from the third quarter (88.6 Mt) but well ahead of the same period a year earlier (78.3Mt). Sign Up for the Iron Ore Digest Sign Up Vale’s iron ore fines production totaled 300.4 Mt in 2020, in line with 2019 a...
Minas Gerais Vargem Grande New Caledonia Long Harbour Jarbas Soares Serra Norte
Source: mining.com

Vale Mining Company to pay $7 Billion in Compensation for Brazil Dam Collapse

Vale Mining Company to Pay $7 Billion in Compensation for Brazil Dam Collapse The disaster in the city of Brumadinho killed 270 people, and 11 others are still missing. It also led to murder charges for company officials. An aerial view of mud and waste from the 2019 disaster caused by a dam collapse in Brumadinho, Brazil. Credit...Antonio Lacerda/EPA, via Shutterstock By Manuela Andreoni and Letícia Casado Feb. 4, 2021 RIO DE JANEIRO — The Brazilian mining giant Vale signed an agreement on...
Minas Gerais Rio De Janeiro Estado Do Rio Manuela Andreoni Jarbas Soares Fabio Schvartsman

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