Vale Base Metals to Increase Copper Production at Salobo Mine

Vale Base Metals has announced it will proceed with the implementation of Coarse Particle Flotation (CPF) technology at its Salobo mine in Brazil. The project is expected to add approximately 30,000 tonnes of annual copper production and increase ore processing capacity by six million tonnes.

The project's start-up has been accelerated to the first half of 2028. A construction license has been obtained, and capital expenditure estimates have been optimized. This technological advancement aims to significantly enhance Salobo's production efficiency and capacity.

Vale Base Metals is a global mining company focused on nickel, copper, and cobalt. The Salobo mine is one of the company's key copper production sites, and the new technology aligns with its strategic production growth objectives.

The company has received the necessary construction license for the CPF project. Further details regarding the project timeline and costs will be disclosed in subsequent updates. The financial implications and production changes are central to the company's future reporting.