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Vale Seeks to Expand Operations in Carajás to Strengthen Iron Ore and Copper Production, Driving the Global Energy Transition
Vale, one of the largest mining companies in the world, announced the launch of the New Carajás Program, with an investment projection of R$ 70 billion by 2030. This program aims to expand and optimize iron ore and copper operations in the Carajás complex, a region rich in minerals essential for the global energy transition.
Launch and Objectives of the Program
The launch of the New Carajás Program is scheduled for February 14, with the presence of President Lula and other authorities.
This program’s main goal is to support the growth of Vale’s iron ore production and accelerate copper production.
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The planned investments are strategic for strengthening the mining company’s position in the global market.
Expansion in Iron Ore and Copper
In the iron ore sector, one of the main projects includes increasing production capacity at S11D, with a boost of 20 million tons.
In the copper sector, Vale plans to implement several initiatives, including the potential expansion of Salobo, which includes an underground mine.
Additional projects such as Alemão, Paulo Afonso, 118, and Cristalino are part of the plan, with the potential to add between 60,000 to 100,000 tons/year of copper.
Vale’s Strategies and Partnerships
Besides large projects, Vale is focused on leveraging small deposits through partnerships, adding between 35,000 to 45,000 tons/year to its copper production capacity.
With these initiatives, Vale aims to achieve a copper production capacity of between 420,000 and 500,000 tons by 2030.
Investments in Technology and Sustainability
The New Carajás is not limited to mineral extraction.
The program includes a series of investments in technology, health, safety, equipment maintenance, and sustainability.
These actions aim to leverage Vale’s expertise in the region, making operations more efficient and aligned with decarbonization goals.
Capital Allocation and 2025 Goals for Vale
For 2025, Vale plans to invest between US$ 2.0 to US$ 2.5 billion in growth projects, focusing primarily on metals for the energy transition.
This capital allocation is seen as a crucial strategy to consolidate the miner’s presence in Carajás, a key area for the energy transition and carbon emission reduction.
With the New Carajás Program, Vale reaffirms its commitment to the future of sustainable mining, strengthening its role in the global energy transition and contributing to the economic development of the region.
SOURCE: BRASILMINERAL
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