Development work on the Serrote copper/gold project, in Brazil, is continuing apace and the greenfield openpit mine project remains on track to reach production in the second half of next year.
Construction is continuing despite Brazil being the second worst-hit country by the Covid-19 pandemic.
Developer Mineração Vale Verde (MVV), which is owned by British investment adviser Appian Capital Advisory, reports that the necessary precautions are in place to ensure the health and safety of the 1 500 people working on site.
The Serrote project is progressing in line with the construction plan and last month marked a “major” milestone with the first blast.