RIO DE JANEIRO, July 6 (Reuters) - Brazilian miner Samarco will invest 1.3 billion reais ($263.36 million) to double its output capacity of iron ore pellets to 18 million metric tons per year by the first quarter of 2025, Chief Executive Rodrigo Vilela told Reuters on Thursday.
The firm, a joint venture between Vale VALE3.SA and BHP (BHP) , eyes doubling its share of the transoceanic pellets market to 18%, which would place it among the three largest producers in the world, he added.
($1 = 4.9363 reais)
News: BHP Brazil's Samarco to double pellets output capacity by Q1 2025, CEO says
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