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Vale investing $1.3 billion in iron ore filtering system-Pumao steel

2022-03-23 | Pumao

Brazilian miner and also iron ore producer Vale told Broadcast it intends to invest $1.3 billion in iron ore filtering systems between 2022 as well as 2025. The firm has already invested $1.2 billion in such systems in 2021.

Vale told Program it anticipates to begin operations at an iron ore filtering system at its Brucutu mine in Minas Gerais state by H2 this year. The mine will certainly be the last one of 4 to start activities, adhering to the commencement of a similar plant in Vargem Grande, in Minas Gerais state, in March 2021.

Marcello Spinelli, executive vice-president of Vale's ferrous business, informed Program the 4 iron ore filtering system plants will allow the firm to enhance the high quality of its iron ore, while additionally raising outcome capability by 2023. Completely, the four facilities can refine 60 million mt/year of iron ore.

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