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.
According to research house Wood Mackenzie, the need for investment is becoming desperate in zinc and lead and will be a major issue in the copper sector in the next few years.
"There'll always be investors wanting to get in early, but the junior market would only really start to benefit once majors instil investor confidence."
The transition to production comes at a challenging time for the company, as prices for iron ore have fallen 70% since mine construction began in 2011.