Vale's Performance in 3Q22
Vale's Performance in 3Q22: Base Metals
Advancing our Base Metals agenda
CCM 1
Nickel, Canada
Onça Puma
2nd furnace
Nickel, Brazil
Pomalaa
Nickel, Indonesia
Salobo
Copper, Brazil
- CCM south shaft commissioned in August
- CCM Phase 1 mine opened in early October
Approval of US$ 555 million investment
- Adds 12-15 ktpy of nickel
- Start-up in 2025
Approval to establish the Pomalaa project JV1
- Project capacity of up to 120 ktpy
Salobo 3 project ended Q3 98% complete, on
track to start up in December
- Adds 30-40 ktpy of copper
38(4) NO INTERNAL COMBUSTION
ENGINE SHALL BE INSTALLED
SERVICED,GARAGED OR STORED
IN OR WITHIN FIFTEEN METRES
OF THE BUILDING HOUSING
THE HOIST NOR WITHIN THIRTY
METRES OF THE CENTER OF
THE COLLAR OF A SHAFT OR
OTHER ENTRANCE TO A MINE
R.R.0.1990,REG.854,S.38(4).
Copper Cliff Complex South Mine Grand Opening
AD
1 PTVI to own 100% of the mine and has an option to acquire up to 30% of the plant.
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