The project 470 km northwest of coastal Abidjan, the West African country’s largest city, has a net present value of $1.1 billion at a 5% discount rate with a 31% internal rate of return.
The agreement calls for Defense and the band to collaborate on the design of the Wicheeda project to assure the band’s interests and priorities are addressed.
The company has applied for a 'substantially started' status, which, if approved, would make KSM's environmental assessment certificate valid for the life of the project.
According to Valor Econômico, the federal government is attempting to appoint former Brazilian Minister of Finance Guido Mantega as a Vale executive director.
