Recently, Vale announced that it has obtained various permits required for the construction of the Kapanema project on December 18. The project will use the natural moisture in the ore for mineral processing (without tailings), with an annual production capacity of 18 million Tons, is expected to be put into production in the second half of 2023.
Location Diagram of Kapanema Project
It is understood that Vale is expected to invest a total of US $0.495 billion million in the project. These funds will be used for the Kapanema mining area, including the reactivation of mining facilities and the purchase of new equipment, the installation of long-distance conveyor belts (TCLD) and the adjustment of the storage yard in Timbo Peba mining area.
The start of the Panema project construction project marks another important step forward for Vale in increasing its buffer capacity, which will ensure greater operational flexibility for Vale with lower capital intensity.
Website Editor: Gong Li
