Vale temporarily stops train circulation in Carajas mine railroad

Reuters | March 7, 2022 | 2:56 pm Top Companies Latin America Iron Ore 
Iron ore price turns higher again after record China imports
Railroad transporting iron ore from Vale’s Carajás complex in Brazil. Source: Vale

Brazilian miner Vale SA said on Monday that the train circulation in its Carajas iron ore mine railroad was temporarily halted due to a land movement caused by heavy rains.

The incident did not cause any casualties and Vale expects to conclude maintenance on the railroad by Wednesday and resume the train circulation.

Vale added that the incident will have minimal impact on its output and it will not change its production guidance for the year.

(By Carolina Pulice and Peter Frontini; Editing by Jonathan Oatis)

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