11:12 AM EDT, 09/11/2024 (MT Newswires) -- Vale (VALE) said Wednesday it commenced wet processing operations in the Vargem Grande 1 project, with the ability to resume roughly 15 million tonnes per annum of iron ore output at the Vargem Grande complex in Brazil's Minas Gerais state.

Since 2019, the VGR1 plant has been operating with natural moisture amid the unavailability of water capture and disposal at the Vargem Grande dam, which is undergoing the decharacterization process, the company said.

Vale shares were up nearly 2% in recent trading.

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