Brazil licencing body says Vale requests delayed but progressing
Environmental licences needed to maintain 100-million tonnes of annual iron ore production at Brazilian miner Vale SA are delayed but progressing, a senior official at the state environmental body told Reuters.
Vale said on Thursday it is awaiting licences for 88 projects, which if not approved could result in the company being forced to cut half its production in the state of Minas Gerais, Brazil’s mining heartland.