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Vale seeks to expand operations in Carajás to strengthen iron ore and copper production, boosting the global energy transition
A OK, one of the largest companies in mining of the world, announced the launch of New Carajás Program, with a forecast of $ 70 billion em investments by 2030. This program aims to expand and optimize operations of iron ore e copper in the complex of Carajás, a region rich in minerals essential for the global energy transition.
Program launch and objectives
The launch of the New Carajás Program is scheduled for February 14, with the presence of the president Squid and other authorities.
The main objective of this program is to support the growth of iron ore production in OK and accelerate copper production.
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Os investments planned are strategic to strengthen the mining company's position in the global market.
Expansion in iron ore and copper
in the sector of iron ore, one of the main projects includes the expansion of production capacity in S11D, with an increase of 20 million tons.
In the sector of copper, Vale plans to implement several initiatives, such as the possible expansion in brackish, including an underground mine.
Additional projects such as Alemão, Paulo Afonso, 118 e Crystalline are part of the plan, with potential to add between 60 to 100 thousand tons/year coppermade.
Vale's strategies and partnerships
In addition to the major projects, the OK is focused on taking advantage small deposits through partnerships, adding between 35 to 45 thousand tons/year to its copper production capacity.
With these initiatives, Vale aims to reach, by 2030, a copper production capacity between 420 and 500 thousand tons.
Investments in technology and sustainability
O New Carajas is not limited to just mineral extraction.
The program includes a series of investments in technology, health, safety, equipment maintenance and sustainability.
These actions seek to leverage Vale's expertise in the region, making operations more efficient and aligned with decarbonization goals.
Vale’s capital allocation and 2025 targets
FOR 2025, OK scheduled to invest between US$2,0 to US$2,5 billion in growth projects, focusing mainly on metals for energy transition.
This capital allocation is seen as a crucial strategy to consolidate the mining company's presence in Carajás, a key area for the energy transition and the reduction of carbon emissions.
With New Carajás Program, OK reaffirms its commitment to the future of mining sustainable, strengthening its role in the global energy transition and contributing to the economic development of the region.
SOURCE: BRASILMINERAL
