S11D, not much of a name, but it will bring the pain, from Reuters:
Brazil’s Vale SA, the world’s largest iron ore producer, said on Wednesday that it has begun testing equipment at its S11D mine, the company’s largest ever, at its massive Carajas complex in the Brazilian Amazon.
Tests began with the 9.5-kilometer (5.9-mile) conveyor belt that takes iron ore from the mine’s open-cut pit to the mine’s processing facility, said Jamil Sebe, head of iron ore project implementation for the company’s Amazon iron assets.
Looks like a Q3 launch then ramp up to full output of 90 million tonnes per annum of $12 iron ore (cash cost) over two years. Timed superbly to meet falling demand.
