Other Events ·
Vale's subsidiary Vale Base Metals is advancing the Coarse Particle Flotation project at its Salobo Copper Complex in…
VALEVale S.A.
Vale's subsidiary Vale Base Metals is advancing the Coarse Particle Flotation project at its Salobo Copper Complex in Brazil, targeting a start-up in the first half of 2028. This timeline is approximately one year ahead of schedule and will increase annual ore processing capacity by 6 million tonnes to 42 million tonnes. Annual copper production is projected to rise by up to 30,000 tonnes, accompanied by 15,000 ounces of gold as a by-product. Wheaton Precious Metals has agreed to provide US$ 40 million in milestone-based funding, reducing Vale's capital expenditure requirement from an estimated US$ 225-275 million down to approximately US$ 175 million. This initiative supports Vale's strategy to reach 700,000 tonnes of annual copper production by 2035. Vale S.A. is a major global mining company focused on the extraction and processing of iron ore, nickel, copper, and other minerals.