MANAGEMENT

Anglo's Minas-Rio pushing back ramp-up plans

Iron ore operation still on schedule for operations restart later this year

Staff Reporter

This article is 6 years old. Images might not display.

Brazil chief executive Ruben Fernandes told Reuters at an industry event that inspection of a pipeline that required replacement following two leaks in March that suspended the mine's production is still ongoing.

A 4km section of the 500km pipeline, which carries slurry from the mine to a Rio de Janeiro port, is being changed out after crews found welding cracks.

"We should finish the replacement in November," he told the wire service. "So everything is on track for us to resume operations in the fourth quarter. It could be in November or December."

Originally, Minas-Rio - which Anglo purchased in August 2008 for US$5.5 billion - was to hit its 26.5-million-tonne ramp-up goal in 2016, but delays pushed that goal back to 2020. This year, a pair of permits needed for the growth plan were received in January, but the key operating licence is now not expected to be received until next May.

"It would be around 2021," Fernandes told Reuters. "It is not a very firm date because it depends on the plant's performance," adding that production could hit the target by late 2020.

Open-cut Minas-Rio, located in the Minas Gerais state, is 100% owned by Anglo, and the miner holds 50% of the complex's port facility at Açu.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets