Vale can reopen Itabira complex after coronavirus measures

Brazilian iron-ore miner Vale has received permission to reopen mines in the Itabira complex shuttered due to coronavirus concerns, the company said in a Wednesday filing, adding there was no change to its production guidance.

Vale said it had received permission to reopen the mines from Minas Gerais state labor inspectors. They concluded that the measures Vale had taken to mitigate the threat from the virus and protect its workforce were sufficient to restart works, the company said.

Nonetheless, Vale said work would kick off gradually.