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Of the total investment by the mining company Vale, around 81% will be allocated to expansion projects in the North region
Vale, a Brazilian multinational and one of the largest logistics operators in the country, wants to make an investment of US$5,8 billion in the northern region of Brazil, of which US$1 billion will be used only for expansion. This value will be repeated in subsequent years. By 2024, the mining company expects to invest US$ 2,7 billion in iron ore projects in the region alone, extracting the purest products.
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The state of Minas Gerais, marked by two recent tragedies with dams and the cradle of mining operations, is still relevant, mainly because it has a lower iron content, which mixed with Carajás produces BRBF, which is sold in China.
Currently, Vale's main objective is to replace production losses in the state of Minas after Brumadinho and avoid further accidents. In December, a worker was killed in a landslide at the Córrego do Feijão mine. At the same time, if it does not reach an agreement with the government of the state of Minas Gerais, the company runs the risk of being sentenced to billions of dollars.
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Carajás Complex
Located in the municipality of Canaã dos Carajás, in southeastern Pará, S11D is the largest mining complex in Vale's history. It is an undertaking that fits the model of sustainable mining. Carajás ore with an iron content of up to 66% contributes to Vale's business strategy of providing products that can help customers such as Chinese steel producers reduce carbon emissions.
Elmer Prata Salomão, geologist and consultant says that “Carajás is a fantastic deposit, which still has strong potential to be explored and exceptional logistics already in place. The mines in the Quadrilátero Ferrífero will not be abandoned, but they are already mature”.
