Vale plans to invest up to $100 million to build an industrial plant for dry magnetic concentration of low-grade iron ore, as it has been trying to reduce the use of tailings dams, the Brazil-based miner said on Thursday February 6.
The plant will be located in Brazil's southeastern Minas Gerais state; it will have capacity to process 1.5 million tonnes of iron ore per year and will use technology developed by Vale's New Steel subsidiary, which was acquired in 2018.The project is expected to start up by 2022, and the new technology is expected...