Vale is at risk of postponing the resumption of lost production capacity due to possible coronavirus-related delays in inspections, assessments and authorisations.
However, the Brazilian mining behemoth said that “existing output so far had seen little impact”, Reuters reported.
In February, Vale said it was hoping to resume capacity of about 40m tonnes per year at various mines, which are undergoing post-Brumadinho safety reviews
“So far, Vale has had a relatively good performance, with limited impact on production and sales, but our ecosystem has been highly impacted by the restrictions imposed by the Covid-19 pandemic, which could affect our operations,” Vale said.
