Vale announces to recover tailing ore
2011-08-30 15:36:11 [Print]
Brazilian miner Vale will process 80 million tonne of iron ore waste from tailings dams in Minas Gerais state.
Vale announced a plan to recover 31 million tonne of ore that has been lying for decades in eight tailings dams in the state. At a current international iron ore price of USD 147.30 per tonne, the project could bring in revenues of USD 4.5 billion.
Waste removal will start in 2013 with the extraction of 1 million tonne and the pace will increase in subsequent years.
The material contained in the tailings has an average grade of 35%, which will rise to 62% after processing. The end product will be sold as iron ore dust to be used in the sintered parts industry or converted into pellets for blast furnaces.
The recovery process will increase the longevity of Vale's tailing dams.
Vale announced a plan to recover 31 million tonne of ore that has been lying for decades in eight tailings dams in the state. At a current international iron ore price of USD 147.30 per tonne, the project could bring in revenues of USD 4.5 billion.
Waste removal will start in 2013 with the extraction of 1 million tonne and the pace will increase in subsequent years.
The material contained in the tailings has an average grade of 35%, which will rise to 62% after processing. The end product will be sold as iron ore dust to be used in the sintered parts industry or converted into pellets for blast furnaces.
The recovery process will increase the longevity of Vale's tailing dams.
