Vale launches pilot plant for dry magnetic separation
Pilot plant will have the capacity to concentrate 30 tonnes per hour of dry ore, using magnetic separation technology, made by means of rare earth magnets.
Mick Davis's private equity firm not on shortlist featuring Vale, Mosaic and Eurochem for $1.5 billion phosphate and niobium operations in South America.
Vale says 2016 output will come in at the lower end of expectations, potentially pushing the Brazilian giant to number two in global iron ore rankings.