Vale's flagship iron ore mine made its first commercial shipment in January.
The Brazilian iron ore producer provides an update on its corporate restructuring plan.
The firm narrowed its range of production guidance to upper end production of 29,730 gold equivalent ounces and earnings per share of $0.04.
The head of Chile's metallurgic and metal-mechanic association said a new national consensus is needed to return to GDP growth of 4% per year.
The plant is part of the expansion of BHP's Spence mine.
CEO Ivan Glasenberg said the company is well positioned to take advantage of the green economy, thanks to its tier 1 asset portfolio.