Vale Says It Started The Commissioning Of Wet Processing Operations In The Vargem Grande 1 Project; It Has The Ability To Resume ~15 Mtpa Of Iron Ore Production At Vargem Grande Complex
Portfolio Pulse from Benzinga Newsdesk
Vale has commenced the commissioning of wet processing operations at the Vargem Grande 1 project, which could potentially resume approximately 15 million tons per annum (Mtpa) of iron ore production at the Vargem Grande Complex.
September 11, 2024 | 2:14 pm
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Vale has started the commissioning of wet processing operations at its Vargem Grande 1 project, which could lead to the resumption of about 15 Mtpa of iron ore production. This development is significant for Vale's production capacity and revenue potential.
The commissioning of wet processing operations at Vargem Grande 1 is a critical step for Vale to potentially resume a significant amount of iron ore production. This could enhance Vale's production capacity and revenue, positively impacting its stock price in the short term.
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