Vale plans to boost dry processing to 70% of its output by 2023
Vale reported it has plans to increase the share of dry processing to 70 percent of its production by 2023, with a gradual reduction in the use of dams in operations.
The move was unveiled 12 days after the rupture of the tailings dam of Córrego do Feijão, in Brumadinho, Minas Gerais state, which left over a hundred people killed and missing.
Also declared was the investment of approximately $390 million in the implementation of dry stacking technology.
In a note released yesterday evening (Feb. 5), the company said the initiative adds to the acquisition of New Steel, which develops innovative iron ore mining technology, in December last year, for $500 million.
The information shows that the investments of the Brazilian mining giant in dam management will amount to some $70 million in 2019, as per a budget approved last year. The number s for 180 percent of the $30 million invested in 2015.
“The increasing and relevant investments in dam management and health and security measures show Vale’s commitment to making resources available to preserve the health and security of its workers and the surrounding communities,” the note reads.
