Brief: Vale says Salobo CPF project advances to execution phase

Vale

12/08/2026 23:55

Aug 12 (Reuters) - Vale S.A. VALE3.SA:
EXPECTS THE PROJECT TO ADD 6 MILLION METRIC TONS IN ANNUAL ORE PROCESSING CAPACITY AT SALOBO PLANT
SALOBO CPF PROJECT ADVANCES TO EXECUTION PHASE
VALE BASE METALS EXPECTS TO START THE PROJECT'S OPERATION IN H1 OF 2028, ONE YEAR BEFORE THE INITIAL SCHEDULE
WHEATON AGREED TO PROVIDE $40 MILLION TO VBM TO PARTIALLY FUND THE PROJECT
VBM SEES PROJECT'S CAPEX AT $215 MILLION, OR $175 MILLION CONSIDERING WEATHON'S FUNDING, VS $225-$275 MILLION PREVIOUSLY
Source text: ID:nBVSHd1Ffa
Further company coverage: VALE3.SA

 (Reporting by Sao Paulo newsroom)
 ((Andre.Romani@thomsonreuters.com;))