Asset Report

Salobo gold mine

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29 March 2018

Salobo gold mine

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. By the beginning of 2018 Vale was studying the possibility to carry out the Salobo III expansion. This includes another expansion of 12Mt ore/a.

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