Vale resumes sale of remaining fertilizer assets in Brazil
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.
In a final report, the agency acknowledges that concentrations of some metals at the Animas river following the spill were higher than historical mine drainage.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.
Commercial production starts in January, with a ramp-up to 90 million tonnes per annum by 2020
The DISPATCH system will supersede Vale’s current FMS on 46 pieces of equipment.
Mine is set to start operations by the end of the year, with first shipment set for January 2017.
Higher ore recovery and price realization may help Vale generate $2.2 billion next year in free cash flow, Chief Executive Officer Murilo Ferreira said.