Vale Verde completes Serrote copper mine build (Credit: Appian Capital Advisory) Privately held Mineração Vale Verde (MVV) and funding partner Appian Capital Advisory have completed construction of the Serrote copper-gold project in Alagoas, Brazil, ahead of schedule and under budget. At full capacity, the mine will produce on average 22,000 tonnes per year of copper at a time when the metal price is trading at record highs and in an environment where the gold price could set another record by December. Sign Up for the Copper Digest Sign Up The focus is now on the transition to steady-state operations and the ramp-up over the second half of 2021, with operational readiness workstreams, employee training programs and risk management workshops well advanced, according to an MVV press release. MVV’s first shipment of concentrate is targeted for November.