Vale SA (VALE) has released an update.
Vale S.A. has announced the commencement of wet processing operations at the Vargem Grande 1 Project, enabling the Vargem Grande complex to restart iron ore production of approximately 15 million tons per annum. Completed within budget and ahead of schedule, the project promises to enhance the average quality of ore by 2% iron content and contributes to the company’s goal of producing 340-360 million tons by 2026. This development marks a significant advancement in Vale’s production capacity and product quality, with increased operational flexibility.
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