Brazil's Vale Shuts Down Operations At Australia Coal Mine

Date : 05/31/2012 @ 6:11PM
Source : Dow Jones News
Stock : Vale S.A. American Depositary Shares Each Representing One Common Share (VALE)
Quote : 8.87  0.0 (0.00%) @ 7:09AM

Brazil's Vale Shuts Down Operations At Australia Coal Mine

Vale (NYSE:VALE)
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Brazilian miner Vale SA (VALE, VALE5.BR) said Thursday it has declared force majeure on shipments from an Australian coal mine.

The Carborough Downs mine, part of Vale's operations in the Central Bowen Basin in Queensland, was shut down after high levels of carbon monoxide were detected, Vale said in a statement.

The Queensland State Inspectorate for Mines subsequently ordered all employees be evacuated from the mine, it said, adding that no one was hurt.

Vale said about 7,700 tons of production has been lost since May 29. In the first quarter of the year, Carborough Downs produced 325,000 tons of coal, it said.

Vale said it is working with the regulator to restart operations as soon as possible.

-By Matthew Cowley, Dow Jones Newswires, +55 11 3544 7082; matthew.cowley@dowjones.com




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