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Jun Kai Heng

Articles by Jun Kai Heng

Iron ore markets digest impact of Vale tailings dam disaster

May 14, 2019

Ahead of the S&P Global Platts Global Metals Awards in London, on May 16, The Barrel presents a special series of articles looking at the global metals trade. Here, Jun Kai Heng looks at how iron ore buyers and sellers are adapting to tightened supply of specific products, following the accident at one of Vale’s Brazilian operations in January.
On January 25, a Vale tailings dam in Brumadinho, part of its Southern Systems mining operations, collapsed, resulting in  massive loss of life and a significant impact on its iron ore supply chain over the longer term.

The company declared force majeure in the first week of February on a range of iron ore qualities after Minas Gerais state authorities ordered a production halt at Vale’s 30 million metric ton/year Brucutu mine, alleging safety

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