Video Description
Bayovar Phosphate Mine Project and Vale.
Vale to expand Bayovar Peru mine
Source:
Reuters Africa, August 6, 2010
Brazilian mining giant Vale (VALE.N: Quote) announced on Thursday it would expand its new mine in Peru and it expects iron ore prices over the coming months to hold steady around $140 a tonne.
Chief Executive Roger Agnelli said the Bayovar phosphate mine will be expanded over the next 18 months to lift capacity to 5.9 million tonnes a year from about 3.9 million tonnes. It will take another $300 million in investments.
Vale started production at the Bayovar mine in July after beginning the project in 2007. Total estimated investments were $566 million before the expansion was announced.
The mine, located near a desert coast, is one of only a couple mines in Peru to run using desalinated water from the Pacific Ocean.
Read more.
Phosphate
A phosphate, an inorganic chemical, is a salt of phosphoric acid. In organic chemistry, a phosphate, or organophosphate, is an ester of phosphoric acid. Organic phosphates are important in biochemistry and biogeochemistry or ecology. Inorganic phosphates are mined to obtain phosphorus for use in agriculture and industry. At elevated temperatures in the solid state, phosphates can condense to form pyrophosphates.
Source:
Wikipedia, Phosphate.
Vale Mining Company
Vale is a diversified mining multinational corporation and one of the largest logistics operators in Brazil.
In addition to being the second-largest
mining company in the world, Vale is
also the largest producer of iron ore,
pellets, and second largest of nickel. Vale also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, alumina and
aluminum. In the electric energy sector, the company participates in consortia and currently operates nine hydroelectric plants.
Source:
Wikipedia, Vale (mining company).
Loading...
