Brazilian Vale Advances $10.1 Billion Serra Sul Iron Ore Project, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — Brazilian miner Vale (NYSE:RIO) (Rio de Janeiro), the world’s largest iron ore producer, is advancing its Serra Sul iron ore project, located about 60 kilometers (km) southwest of the city of Parauapebas, in Brazil’s Para State. Serra Sul is expected to be completed by the fourth quarter of 2011, with production starting by early 2012. The planned investment for Serra Sul is $10.1 billion with planned expenses for 2008 of $145 million.
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SOURCE: Industrial Info Resources