Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
Vale (NYSE:VALE) has teamed up with the University of São Paulo to identify bacteria and fungi capable of eating copper in a move which could generate an additional $1.4 billion in gross revenue for the Brazilian mining giant.
According to Worldcrunch a team of USP researchers are currently working at a tailings dam near Sossego mine in northern Brazil to identify the most ravenous copper-eating bacteria and fungi for use in the metal recovery process.
If successful the new technology could radically increase the copper recovery rate for mining processes and generate a huge windfall for copper producers.
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