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Expansion of Brazil iron ore mine to feed Chinese demand - Vale

Mining News - Published on Mon, 24 Sep 2018

Image Source: Reuters
A company official said that article Content Mining giant Vale is looking at expanding its flagship iron ore project in Brazil, hoping to cash in on a growing appetite for higher-grade varieties of the commodity in its top market China. China, the world’s biggest consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.

Mr Peter Poppinga, executive director at Vale, said at an industry conference in China that the world’s largest iron ore miner was studying expanding its S11D project in the Amazonian state of Para, even though it was still being brought up to the planned capacity after it was inaugurated in December 2016. Given all these quality trends (that are) favorable to us, we are studying to increase the project, but there are no numbers yet.”

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Posted By : Rabi Wangkhem on Mon, 24 Sep 2018
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