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Vale (VALE) says it gained a preliminary permit to begin developing its $8B Serra Sul iron ore...

Vale (VALE) says it gained a preliminary permit to begin developing its $8B Serra Sul iron ore project in the Brazilian Amazon. Serra Sul, the world's biggest iron ore project, is designed to produce 90M tons/year of high-quality iron ore with an average iron content of 66.5%. Start-up of the mine is seen in H2 2016.
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