Saudi Arabia to visit Brazil and Chile as seeks to diversify mining
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.
Vale SA said on Friday it has begun the process of increasing iron ore production at the Timbopea site, part of its Mariana complex in Minas Gerais, Brazil.
In a securities filing, Vale said iron ore production capacity at the site should return to 12 million tonnes a year once the commissioning period is over, which it says should last two months.
(By Jamie McGeever; Editing by Christian Plumb)
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