- Write by:
-
Friday, August 14, 2020 - 5:47:47 PM
-
782 Visit
-
Print
Mining News Pro - The board of iron-ore major Vale on Thursday approved the Serra Sul 120 project, which will increase the S11D mine-plant capacity by 20-million tonnes to 120-million tonnes a year.
The project, located in the municipality of Canaã dos Carajás, would require $1.5-billion in investments over several years, the miner said in a statement.
The project’s startup is expected in the first half of 2024.
Vale said Serra Sul 120 entailed the opening of new mining areas; the duplication of the long-distance belt conveyor (TCLD), the implementation of new processing lines at the plant and the expansion of storage areas, among other measures.
“The Serra Sul 120 project will create an important buffer of productive capacity, ensuring greater operational flexibility to face eventual production or licensing restrictions in the Northern System,” said the miner.
The $385-million investment to duplicate the existing TCLD would not only provide flexibility, but would also aggregate important elements for the reduction of operational risks, adding reliability to the system.
The project would aim to increase the Northern System`s total capacity to 260-million tonnes a year.
Short Link:
https://www.miningnews.ir/En/News/583725
Iron ore pellet producer Ferrexpo said a court has prohibited the transfer of ownership and other shares-related ...
Iron ore futures edged higher on Monday, supported by hopes of further recovery in demand in top consumer China and ...
China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a ...
Iron ore futures tumbled in Singapore, extending a stretch of volatile trading amid deepening anxiety over Chinese ...
Iron ore futures were mixed on Friday, but set for a weekly gain on mounting anticipation of a pick up in demand in top ...
The Pataz Unified Command, whose members hail from the National Armed Forces and the National Police, detained three men ...
Guinea’s junta named a new mines minister on Wednesday, state television said, citing a decree that showed the role was ...
A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession ...
A researcher at the Leibniz Institute for Catalysis in Rostock has developed new methods for the synthesis of drug ...
No comments have been posted yet ...