Market and product
Vale begins phosphate production in Peru
RIO DE JANEIRO, July 12 (Xinhua) -- Brazilian mining giant Vale, the world's leading iron ore producer, announced Monday it had begun phosphate production in Peru.
The company said production started last weekend at the Bayovar phosphate mine in Piura, northern Peru. The mine has an annual production capacity of 3.9 million tons.
Vale said it had invested a total of 566 million U.S. dollars in the project so far. Besides a phosphate concentration plant, the new project also included a conveyor belt system and a shipping terminal.
Bayovar's output will be shipped mainly to Brazil, which has a high demand for fertilizer inputs.
According to Vale, the Peruvian operation is the company's first project abroad.
(Source: Xinhua)
Editor: Lu Hui |
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