Brazil's Vale commissioning high grade pellet feed project in Para
SAO PAULO, March 3 (Reuters) - Brazilian miner Vale SA said on Friday it has started commissioning its Gelado project in the northern state of Para, which is set to produce high grade pellet feed at an initial capacity of 5 million tonnes per year.
Vale said in a statement that investments in the project were seen reaching $485 million, adding the asset was expected to reach its annual capacity of 10 million tonnes in the coming years.
(Reporting by Gabriel Araujo and Roberto Samora; Editing by Steven Grattan)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.