The Onça Puma project recently reached 500,000 man hours worked with no lost time injuries.
Anglo American PLC has prioritized studies of a new $5 billion nickel-mining project in northern Brazil because of its large, high-quality resources, the chief financial officer of the company's Brazil unit said Thursday.
Global primary nickel demand is likely to rise 7.7% to 1.58 million tons this year, while supply growth is expected at 10.1%, leaving the market with a supply surplus of 10,000 metric tons, the director of consultancy at Metalytics Australia said Wednesday.
Brazilian mining giant Vale SA on Friday said it is trying to 'fix' its Goro nickel mine project in New Caledonia in order to start production within two months.
Vale informs that it started production at Onça Puma, a nickel mine and processing plant in the Brazilian state of Pará with nominal capacity of 53,000 tons per year of nickel contained in ferro-nickel.
Mining giant Anglo American PLC will start operations at a $1.8 billion export-oriented nickel mine and plant in Brazil in the first quarter of 2011, boosting nickel production in the South American nation, a company spokeswoman said Wednesday.
Brazilian miner Vale SA (VALE, VALE5.BR) said Thursday it will invest $24 billion in 2011, mainly on developing its own projects.
Brazilian mining giant Vale said late Wednesday that third-quarter net income surged to an all-time high on record-high iron ore prices and stronger demand for the key steelmaking raw material.
Brazil's Vale SA, the world's biggest iron ore producer, is aiming also to become the world's biggest nickel producer, overtaking Norilsk Nickel Mining & Metallurgical Co., a Vale executive said Monday.
Nickel metal output at Goro, the new mine developed by Vale SA in New Caledonia, is unlikely to reach projected levels this year or next due to continued start-up delays, Barclays Capital said in a report sent to clients Friday.