Brazilian miner Vale expects to restore capacity lost after the deadly Brumadinho tailings dam burst within two to three years, executives said on Friday, emphasizing that the company is not rushing to resume full output.
The dam’s collapse, which came a little over three years after a similar accident at a joint venture in the same state with BHP Group, has led to months of turmoil at Vale, culminating in a $1.64-billion quarterly loss reported on Thursday.