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22/06/2024
Mining News

Anglo American Broadens Minas-Rio Operations Through Collaboration with Vale’s Iron Ore Resource

Anglo American has reached an agreement to integrate the Vale-owned Serra da Serpentina iron ore resource into its Minas-Rio operation in Brazil.

The move will see Anglo American maintain control and management of Minas-Rio, including any future expansions linked to the Serpentina resource.

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Vale CEO Eduardo Bartolomeo said: “We are pleased to partner with Anglo American to support the growing demand for high-quality iron ore as our clients accelerate their transition to low-carbon-emissions steelmaking.

“Minas-Rio is a Tier-1 asset that will benefit from great synergies with Serpentina’s deposit and Vale’s logistics and we are confident this partnership will unlock significant value to all of our stakeholders.”

Serpentina holds a mineral resource of 4.3 billion tonnes of iron ore, with potential for a total endowment that is more than double the current strike length of Minas-Rio.

 

Source: Mining Technology

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