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Vale gets court injunction to restart Ilha da Guaiba iron ore terminal

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Vale gets court injunction to restart Ilha da Guaiba iron ore terminal

Vale SA said March 19 that it secured a court injunction to restart operations at its Ilha da Guaiba iron ore terminal.

The town of Mangaratiba in Brazil's Rio de Janeiro state had fined the mining major 30 million Brazilian reais, citing pollution problems and the alleged lack of an operating license at the iron ore terminal.

The miner reaffirmed that it has all valid licenses and authorizations required to operate the terminal.

As of March 18, US$1 was equivalent to 3.81 Brazilian reais.