Vale celebrates launch of $479M Bayovar project

Rio de Janeiro-In a ceremony Sept. 5, Brazilian company Vale marked the implementation of one of the world’s largest phosphate projects with the estimated $479 million Bayovar project in Peru. Vale says the project will employ 1,600 during the construction phase. It says the project will have nominal production capacity of 3.9 million mt/y and should start production in 2010. Construction will also include a concentration plant, a 40 kilometer road, a transport strap, and a silo for the storage of phosphate rock. At the same time, activities for contracting the construction of the harbor, with loading capacity of 7.9 million tons of phosphoric rock, have been started. Vale is also proposing the construction of a water desalinization plant to process the phosphate, aiming the non-interference in the hydrous resources of the region. The desalinization plant will enable the preservation of underground waters for use by local citizens.