Vale Indonesia expects to complete nickel HPAL plant by 2025
Company expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals.
Company expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals.
The Vale deal will supply GM with enough refined nickel for up to 350,000 EVs a year.
Over the next 20 years, the new enterprise will restore and protect 4 million ha of native forests in some of Brazil’s most valuable ecosystems.
Vale is seeking to raise more than $2 billion from the deal, Bloomberg sources say.
Vale is expected to build and operate iron ore concentration and briquetting plants within the hubs.
Vale had announced last month a reorganization of its Brazil base metals business, which includes copper and nickel assets.
The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.
The company can now move forward with activities such as dewatering small freshwater ponds for open pit mine development.
Rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business.
The Brazilian mining giant produced 89.7 million metric tonnes, topping the 87.2 million-tonne average analyst estimate.