Anglo American prepares to resume Minas-Rio operations

Thursday, 08 November 2018 21:53:53 (GMT+3)   |   Sao Paulo
       

Anglo American said on Thursday it will welcome back employees who were provisionally laid off from a Brazilian iron ore site earlier this year. The company announced the layoffs following two incidents, on March 12 and March 29, at Anglo’s 529­km­long (328­mile­long) Minas-Rio pellet feed-transporting slurry pipeline, connecting different cities in the states of Minas Gerais and Rio de Janeiro states.

The incidents led the iron ore producer to halt operations. The company had around 700,000 mt of iron ore stocks at the time, but once it ran out of inventory, the company tried to re-negotiate contracts. Anglo has recently forecasted to resume operations by December.


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