SOURCE: Industrial Info Resources

April 23, 2008 05:00 ET

Vale Advances Copper Project in Northern Brazil, an Industrial Info News Alert

CORDOBA, ARGENTINA--(Marketwire - April 23, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Vale (NYSE:RIO) is advancing its Salobo I project in northern Brazil in order to increase the company's copper production. Salobo I is the first phase of a two-phase development project of the Salobo copper deposit in the mineral region of Carajas in the state of Para. The mine has estimated reserves valued at 986 million tons, with 0.82% being copper and 0.49 grams per ton being gold.

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