Vale reaffirms output guidance unaffected by Itabira halt

Vale, the world’s top iron ore miner, confirmed its iron ore fines production guidance to remain at 310-330 million tonnes for 2020 even with the latest suspension of its Itabira mining complex in Minas Gerais, Southeast Brazil, on the court order, according to the company’s release on June 6 local time.

The latest iron ore fines production guidance at 310-330 million tonnes that was updated in April already took into consideration of “a negative impact of 15Mt from eventual impacts resulting from the fight against COVID-19”, Vale repeated. The Itabira complex comprising Conceição, Cauê and Periquito mines, produced around 6 million tonnes of iron ore