22.4 C
Belgrade
16/04/2024
Mining News

Anglo American Broadens Minas-Rio Operations Through Collaboration with Vale’s Iron Ore Resource

Anglo American has reached an agreement to integrate the Vale-owned Serra da Serpentina iron ore resource into its Minas-Rio operation in Brazil.

The move will see Anglo American maintain control and management of Minas-Rio, including any future expansions linked to the Serpentina resource.

Supported by

Vale CEO Eduardo Bartolomeo said: “We are pleased to partner with Anglo American to support the growing demand for high-quality iron ore as our clients accelerate their transition to low-carbon-emissions steelmaking.

“Minas-Rio is a Tier-1 asset that will benefit from great synergies with Serpentina’s deposit and Vale’s logistics and we are confident this partnership will unlock significant value to all of our stakeholders.”

Serpentina holds a mineral resource of 4.3 billion tonnes of iron ore, with potential for a total endowment that is more than double the current strike length of Minas-Rio.

 

Source: Mining Technology

Related posts

Unlocking Southeast Asia’s potential: Navigating the complexities of critical mineral supply chains

David Lazarevic

Vinacomin invests in expanding Vietnam’s aluminium industry

David Lazarevic

Emirates Global Aluminium (EGA) to complete bauxite residue pilot plant in Abu Dhabi, UAE

David Lazarevic
error: Content is protected !!