Commenting on the suspension, Vale claimed that it has all the necessary licenses for the regular operation of the terminal, issued by the competent authorities and it will take all appropriate measures to ensure the re-establishment of its activities at TIG.

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This is not the first mishap for Vale. Earlier in February, Brazil closed a port terminal operated by Vale SA in Vitoria, in the southeastern state of Espirito Santo, Brazil. Specifically, Vitoria fined the company 35 million reais ($9.5 million) for throwing mining residues in the sea.

Then, Vale had informed that Vitória determined the interdiction of a part of the waste water treatment of Tubarão port, which affects the supply stocking area, the port services of coal and the pelletizing plants 1, 2, 3 and 4.

In addition, a fire had broken out on February 15 in one of the transfer houses of the belt conveyor system at Vale's distribution centre in Malaysia. As the company informed, operations shut down for a few days, but there was a reduced impact on shipments.

Specifically, the fire caused material damage only and operations continued in about 10 to 15 days.