Vale studies exploration of iron ore by underground mine in Itabira – MG

The mining company Vale wants to explore an underground iron ore mine in the coming years in Itabira – MG

The idea of ​​an underground iron ore mining project by market leader Vale in the vicinity of Itabira – MG has already been analyzed by the state-owned company for some time, but only recently does Rádio Peão state that the project will finally get off the ground.

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Future of Vale's underground mining

The iron ore mining sector has experienced, in recent years, several economic challenges and environmental disasters, mainly with regard to the mining company Vale and the disasters.

Today the mining industry is experiencing a renaissance and a renewed sense of confidence. This resumption of growth was marked by the convention of the Prospectors and Developers Association of Canada, which took place in Toronto, from March 4 to 7, 2020, where more than 25.606 people gathered.

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In Brazil, open pit mining has its main focus on iron ore, which represents around 12% of world reserves. The potential of Vale's underground mining in MG is little known, both in terms of the job market and the number of ores and gems being extracted in the country.

Brazilian iron ore industry on the rise, MG on radar

The most exploited mineral substance in underground mines in Brazil is gold with 22 mines, followed by gemstones and quartz with 21 mines and coal with 10 mines in Santa Catarina.

Generally, the methods and processes used in the production of Brazilian underground mines are modern, being close, in terms of safety and mining methods, to the reference countries (Sweden, Finland, Canada, Chile, South Africa and Australia).

The reference countries concentrate the largest number of mines, universities, research institutions, equipment suppliers and knowledge related to the context of underground mining. Companies in Brazil seek to accompany them and develop the same conditions.

“Vale's studies to increase the use of the indicated reserves are constantly evolving. These studies take into account environmental, legal and social technological aspects. After the viability is concluded, the results will be submitted to the process of obtaining the licenses required for the continuity of any undertaking of the company”, he replies through his press office.