Brazilian miner Vale confirmed on Thursday it suspended iron ore waste-related activities at a Ferrous Resource mine.
Vale said it suspended tailings pile and iron ore waste stocking activities at Ferrous Resources’ Esperança mine.
Vale announced in December 2018 it bought Ferrous Resources for $550 million. Ferrous Resources operates iron ore mines near Vale’s operations in Minas Gerais state.
Vale said the halt was due to a technical decision, which include elevation works in waste stocking area.
The Esperança mine has an iron ore beneficiation plant with 1.2 million mt/year capacity.