Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Metals

Brazil's Vale targets 289,000 mt nickel, 405,000 mt copper in 2014

Metals

With production cutbacks in autos and aerospace, coronavirus hits aluminum

Platts Greenhouse Gas Emissions Service

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 9th Annual

Coal | Metals | Steel

Asia met coal finally reacts to coronavirus pandemic with sharp weekly fall

Brazil's Vale targets 289,000 mt nickel, 405,000 mt copper in 2014

Highlights

Vale plans to produce 289,000 mt of nickel and 405,000 mt of copper in 2014, the Brazilian miner said Monday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

In the first nine months of this year, nickel production reached 192,000 mt, up from 173,000 mt in January-September 2012. Copper production stood at 275,000 mt, up from 211,000 mt in the year-earlier period.

Vale has approved an investment budget of $2.052 billion for its base metals operations for next year, up 13.9% from 2013, the company said. The total comprises $790 million for project execution, $1.023 billion to sustain existing operations and $239 million for research and development.

The company plans to spend $332 million next year to complete the $1.7 billion Salobo II expansion at the copper-gold mining operation in Para state.


The project, which is raising the height of the tailings dam and increasing mine capacity at the copper-gold mining operation operation in Para state to provide an additional estimated nominal capacity of 100,000 mt/year of copper in concentrate, is due to start up in the first half of next year.

The first phase of the Salobo operation, which is expected to conclude its ramp-up by the end of this year, produced 44,000 mt of copper in concentrates in January-September.

--Andy Blamey, andy.blamey@platts.com
--Edited by Alisdair Bowles, alisdair.bowles@platts.com