Mineradora Vale Begins Commissioning of Ship Loader 6 at Ponta da Madeira Maritime Terminal in Maranhão

Vale Is Commissioning Activities at Ship Loader 6 at Ponta da Madeira Maritime Terminal in São Luís, Maranhão

Last Friday (07/02), the mining company Vale informed the market in a statement that it is commissioning activities at ship loader 6 at Ponta da Madeira Maritime Terminal in São Luís, Maranhão, after five months of maintenance downtime. The company also stated that the maintenance of CN6, which resulted in the replacement of more than 60% of its components, did not impact the monthly iron ore shipment schedule of the terminal. See also: Vale Mining Company Will Have to Pay R$ 1 Million for Each Victim Who Lost Their Life in the Brumadinho Disaster in Minas Gerais

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Return of Activities at Ship Loader 6 of the Mining Company in Maranhão

The mining company Vale also emphasized in its statement that on January 14, 2021, a fire occurred at CN6 located at the South Berth of Pier IV, an incident that was followed by maintenance activities. During the maintenance period of ship loader 6, Pier IV continued its loading operations through its second ship loader, which was not affected by the fire.

The terminal in São Luís, Maranhão, where the mining company’s ship loader is located, handles ore from Vale’s main production system, located in the Serra dos Carajás, Pará. In June, Brazil exported the largest volume of iron ore in nine months, with companies such as Vale taking advantage of soaring prices, according to government data.

See Also: Vale Mining Company Announces It Will Invest US$ 6 Billion to Reduce Carbon Emissions by 2030

The mining company Vale announced, in a market statement, its intention to make investments of US$ 4 billion to US$ 6 billion to reduce carbon emissions by 2030, up from a previous estimate of only US$ 2 billion.

Vale has been developing various initiatives focused on ESG (environment, sustainability, and governance), such as seeking energy efficiency, electrification of mining and railways, and reducing fossil fuel use. In the document presented to market analysts, the mining company maintained its previously set carbon emissions reduction targets.

In a statement, Vale said that the increase in investments is due to greater maturity achieved in the portfolio of direct carbon emissions reduction initiatives of the company, to be implemented by 2030. The new investments, the mining company emphasized, will be executed over the next nine years and are already included in the company’s budget.