Vale S.A. Achieves Key Milestone in Salobo III Project

The latest update is out from Vale SA ( (VALE) ).

On March 13, 2025, Vale S.A. announced the successful completion of the second throughput test for the Salobo III project, achieving an average throughput of over 35 Mtpa over a 90-day period. This milestone, part of an agreement with Wheaton Precious Metals International Ltd., will result in a payment of $144 million to Salobo, with potential additional annual payments of $8 million over ten years if certain mining rates and copper feed grades are met. This development underscores Vale’s strategic progress in enhancing its operational capacity and strengthening its market position.

More about Vale SA

Vale S.A. is a prominent player in the mining industry, primarily focusing on the extraction and production of iron ore, nickel, and copper. The company is based in Brazil and has a significant presence in the global mining market, with operations that extend to various countries.

YTD Price Performance: 8.55%

Average Trading Volume: 34,043,270

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $40.09B

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