With the normalization of operations at Salobo 3, Vale mentioned in a press release this week that the copper manufacturing steerage for 2024 stays unchanged, estimating manufacturing of 320,000 to 355,000 tonnes.
Salobo reached a capability of 32 million tonnes each year in 2023, following the profitable completion of the throughput take a look at for the primary section of the Salobo III enlargement mission.
The $1.1 billion enlargement plan, launched in 2019, is about to extend the mine’s throughput capability to 36 million tonnes per yr by the ultimate quarter of 2024.
At round 1,800 km², Carajás is Vale’s second-largest land holding in a area recognized for iron oxide copper-gold deposits, of which Salobo is a primary instance. The mine, the most important copper deposit ever found in Brazil, is estimated to carry greater than 1 billion tonnes of the red-colored steel.