Vale says Salobo CPF project advances to execution phase
VALE•Salobo CPF project moves to execution phase
Aug. 12 (Reuters) - Vale S.A. VALE3.SA:
- Expects the project to add 6 million metric tons in annual ore processing capacity at Salobo plant
- Salobo CPF project advances to execution phase
- Vale Base Metals expects to start the project's operation in H1 of 2028, one year before the initial schedule
- Wheaton agreed to provide $40 million to VBM to partially fund the project
- VBM sees project's capex at $215 million, or $175 million considering Wheaton's funding, vs $225-$275 million previously
Source text: ID:nBVSHd1Ffa
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