CAP Mineria, the iron ore arm of Chilean holding CAP Group, expects to recover iron ore sales by 2020, following an accident at its Port of Guacolda II in November 2018, which halted operations at the site.
The company said it’s almost ready to resume operations at the Port of Guacolda II.
Port of Guacolda II accounts for the shipment of nearly 50 percent of all CAP Mineria’s products, including iron ore, the company said. CAP Mineria expects shipments at its Port of Guacolda II site to resume this month, following the assembling of the equipment in October this year
“We expect to normalize production and (iron ore) shipments in 2020, with (production and sales volumes) figures similar to those of 2016 and 2017,” said Erick Weber, general manager at CAP Group.