Brazilian Vale has stopped operations at the Alegria iron mine at the Mariana complex in Minas Gerais, which could remove 10 million tonnes of iron ore from the global market annually.
According to the world's largest iron ore producer, preventive measures were taken after a stress test failed to guarantee the stability of the mine's structures. The miner noted that he will resume production when new studies are complete and the results are convincing.
Last week Vale was forced to close its Timbopeba mine, also in the state of Minas Gerais, which produced 12.8 million tonnes of iron ore a year due to safety concerns.
The company later received a new order to stop two more dams - Minervino and Cordao Nova Vista. On the same day, prosecutors took a separate action, seeking 50 billion reais (roughly $ 13 billion) in environmental remediation guarantees following the January 2019 accident.
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Metallurgy news
- 30 June 2025
19:00 Main metric capitalization: 577M (a year ago was 3 times more) 18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business 11:00 The program "Factory of Ideas" celebrated the 13th anniversary 10:00 "Sword" - salvation of drowning 10:00 However, while reducing coal production in the Russian market continues, the ruble will weaken and the key interest rate will decrease further. 08:00 The cost of electricity for industrial companies from July 1 will increase by more than 20% due to increased sales allowance 08:00 CMACP has identified sectors of the Russian economy that are under financial stress
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