Anglo American said a previous $300 to $400 million EBITDA loss estimate due to incidents at its Minas-Rio iron ore project in Brazil remains unchanged, the company said this week while reporting Q3 iron ore production figures.
Minas-Rio, which comprises a 529kmlong (328milelong) Minas-Rio pellet feed-transporting slurry pipeline, did not produce iron ore in Q3. Anglo said a detailed pipeline inspection is “on track,” as well as precautionary replacement of a 4-km section of the burst pipeline where two leaks occurred.
“Both the inspection and replacement work are expected to be completed in Q4 2018, followed by the restart of the operation, subject to required clearance from the authorities,” the company reinforced once again.
Anglo’s Minas-Rio performed this week an iron ore waste dam burst simulation in an effort to train the communities in case of a leak or burst.