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Vale S.A. (VALE) Q4 2020 Earnings Call Transcript


Vale S.A. (VALE) Q4 2020 Earnings Call Transcript
Motley Fool Transcribers
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Vale S.A. (NYSE: VALE)
Operator
Good morning, ladies and gentlemen. Welcome to Vale s Conference Call to discuss 4Q 20 Results. [Operator Instructions] As a reminder, this conference is being recorded and their recording will be available on the company s website at vale.com at the Investors link. This conference call is accompanied by a slide presentation also available at the Investors link at the company s website and is transmitted via Internet as well. They re broadcasting via Internet both the audio and the slide changes has a few seconds delay in relation to the audio transmitted via phone. ....

United States , United Kingdom , Minas Gerais , Vargem Grande , Long Harbour , Paulo Couto , Maria Luiza , Andreas Bokkenheuser , Eduardo Bartolomeo , Jonathan Brandt , Christian Georges , Christian Georges Societe Generale , Carlos Medeiros , Societe Generale , Mark Travers , Salles Bartolomeo , Alba Morgan Stanley , Chris Terry , Marina Quental , Alex Dambrosio , Luiz Eduardo Osorio , Amos Fletcher , Alexandre Dambrosio , Maria Luiza Paiva , Marcello Spinelli , Alexandre Pereira ,

Vale to restart work on $495m Capanema project


Vale gets license to start work at Capanema
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Vale has received licensing to start work on the Capanema transport project near its Timbopeba site, with an estimated $495 million of investment due ahead of an expected start-up in the second half of 2023.
The miner said on Monday that the Capanema project, located in the
municipalities of Santa Bárbara, Ouro Preto, and Itabirito, in Minas Gerais State, will add net capacity of 14 million tonnes per year at the Timbopeba site.
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“The start of the construction works of Capanema Project marks another important step in productive capacity buffers creation, ensuring greater operational flexibility with low capital intensity,” Vale CFO Luciano Siani Pires said in a media statement. ....

Capanema Project , காபனீமா ப்ராஜெக்ட் ,