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Brazilian Vale Advances $10.1 Billion Serra Sul Iron Ore Project, an Industrial Info News Alert

Posted on: Wednesday, 30 July 2008, 06:00 CDT

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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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to metalsandmineralsgroup@industrialinfo.com or visit us at www.industrialinfo.com.

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 Contact: Joe Govreau 713-783-5147  

SOURCE: Industrial Info Resources

Source: MARKET WIRE

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