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Mineracao Vale Verde reports 2022 performance and completion of operational ramp-up

LONDON, Feb. 22, 2023 /PRNewswire/ Mineracao Vale Verde Ltda. ("MVV" or the "Company") and Appian Capital Advisory LLP ("Appian") are pleased to announce the successful ramp up during 2022 of the Serrote copper-gold mine and processing plant ("Serrote" or the "Mine") located in Alagoas, Brazil. Serrote is now operating at full production capacity. This follows completion of construction ahead of schedule and under budget in 2021. Serrote 2022 full year performance highlights Industry-leading ESG and safety record, with zero (0) Lost Time Injuries as at 31st December 2022 for the prior 12 months with 1.9 million cumulative hours worked MVV completed the ramp-up of operations in the fourth quarter with: - Mining tracking ahead of plan with 3.0Mt of total material moved in Q4 - Processing plant reached 105% of designed capacity over Q4 at 4.3Mtpa annualized for the period - Copper recoveries achieving 82.8% over Q4 Full year 2022 product ....

United States , Western Australia , City Of , United Kingdom , Paulo Castellari , Mineracao Vale Verde , Mineracao Vale Verde Ltda , Belo Horizonte , Appian Capital Advisory , Environmental Education Center , Vale Verde , Lost Time Injuries , Appian Capital Brazil , Mineracao Vale , Time Injury Frequency Rate , Recordable Incident Rate , Felt Leadership , Local Women , Entrepreneurship Project , Poultry Framing Project , Indicated Resource , South America , North America , Feb 22 , 023 Prnewswire Mineracao Vale Verde Ltda Quot Mvv Or The Company And Appian Capital Advisory Llp Are Pleased To Announce Successful Ramp Up During 2022 Of Serrote Copper Gold Mine Processing Plant Located In Alagoas , Razil Serrote Is Now Operating At Full Production Capacity This Follows Completion Of Construction Ahead Schedule And Under Budget In 2021 2022 Year Performance Highlights Industry Leading Esg Safety Record ,