International Mining
Vale has confirmed a Reuters news report from last week stating that it would spend an additional BRL11 billion ($2.5 billion) on dry iron ore processing over the next five years.
The company said it has invested nearly BRL66 billion installing and expanding the use of dry processing, using natural moisture, in iron ore production in its operations in Brazil over the last 10 years and it would carry on this trend.
“By not using water in the process, no tailings are generated and, therefore, there is no need for dams,” the company said, added that about 60% of Vale’s production today is dry, and the goal is to reach 70% in the next five years.