Asset Report
Salobo gold mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Since 2012 Salobo operates a conventional open pit mine and also a 12Mt/a conventional crush / grind / flotation ore plant. The capex of this was was US$ 2507 million. In Q2 2014, Vale brought into production the Salobo II project, which doubled the nameplate milling capacity from 12Mt/a to 24Mt/a. In October 2018 the Board of Vale approved the investment of US$1.1 billion for the expansion of Salobo (Salobo III) including the construction of a new concentrator of 12Mt ore/a. This expansion was completed in H2 2022.
Table of contents
- Summary
- Key issues
- CAPEX
-
Operating
- Labour
- Mining
- Processing
- Off-take agreements
- Penalties
- Royalties and taxes
- Mineral concessions
- Permitting
- Environmental reclamation
Tables and charts
This report includes the following images and tables:
- Detailed map
What's included
This report contains:
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