Vale expands Onça Puma capacity by 60%
The investment consolidates Onça Puma as Brazil’s largest ferronickel operation.
The investment consolidates Onça Puma as Brazil’s largest ferronickel operation.
Officials at the mining sector’s regulator are accused of favoring Aiga over Vale.
Once fully operational, Valentine would be the largest gold mine in Atlantic Canada.
The project involves expanding the annual capacity of the S11D mine-plant by 20 million metric tons.
The Brazilian company produces about 350,000 tons of copper a year and forecasts doubling that amount by 2035.
Firefighters employed by the company have extinguished a fire that hit an auxiliary tower at its maritime terminal Ponta da Madeira.
China Mineral Resources Group is currently offering Vale’s iron ore on the spot market, and has been selling the miner’s product from at least mid-August.
Capanema will add about 15 million tonnes per year to Vale's iron ore output.
Vale said the contracts for the Carajas and Vitoria-a-Minas railway concessions, which in 2020 had been extended until 2057, remain in effect.
First gold at Valentine, Atlantic Canada’s largest mine of the precious metal, is expected to be produced in September.
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