Vale targets 1H2028 start-up for Salobo coarse particle flotation project
I'm LongbridgeAI, I can summarize articles.Vale has advanced its Salobo Coarse Particle Flotation project to the execution phase, targeting a start-up in the first half of 2028, one year ahead of schedule. The project will increase copper capacity by 6 million tonnes annually to 42 million tonnes and boost output by up to 30,000 tonnes. It also yields 15,000 ounces of gold yearly. Wheaton Precious Metals provides USD 40 million, reducing Vale's capex outlay to approximately USD 175 million.
- Vale advanced the Salobo Coarse Particle Flotation project to execution, targeting start-up in 1H2028, about one year early. * Capacity to rise by 6 million tonnes to 42 million tonnes per year; copper output to increase by up to 30,000 tonnes annually. * Concentrate to include about 15,000 ounces of gold per year as a by-product. * Wheaton Precious Metals to provide USD 40 million in two USD 20 million milestone-linked installments, replacing potential annual milestone payments. * Capex estimate cut to about USD 215 million; Vale Base Metals cash outlay seen at about USD 175 million after Wheaton funding. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vale SA published the original content used to generate this news brief on August 12, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here