Company Controlled by Mining Giant Vale to Invest R$ 4.4 Billion in Technology Projects for Sustainable Mining

Written by Roberta Souza

Published on 09/11/2021 at 19:06

Mineração/ Fonte: Money Times

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The Investments of New Steel, Company Controlled by the Miner Vale, Will Be Destined for the Implementation of an Innovative and Sustainable Project in Mining

New Steel and the government of the state of Minas Gerais signed a letter of intent, in which the company controlled by the miner Vale will invest R$ 4.4 billion in the implementation of an innovative and sustainable project in the mining sector. This sustainable process eliminates the need for tailings dams and reduces water use, in addition to generating jobs for three municipalities in the state of MG. Read this news as well: Miner Vale Will Create 800 New Jobs with Less Polluting Product in Espírito Santo

Investments in the Sustainable Project in the Mining Sector

The investment from the company controlled by Vale is for a project with dry ore concentration technology that will be piloted in three plants of the miner: at the Fábrica mines in Congonhas (Campos das Vertentes); Fazendão in Mariana (Central); and Vargem Grande in Itabirito, which has already begun implementation works and is expected to start operation as early as next year. The other two are set to start operating by 2024 (Fábrica) and 2026 (Fazendão).

According to Henrique Hauck, engineering manager of the company controlled by the miner Vale, this method allows for the utilization of materials with low iron concentration that are not viable in the conventional process. Henrique also states that the project practically does not use water and that the waste is generated dry at the end of the process and deposited in heaps, eliminating the need for dams. In addition to being more sustainable, this new process also has the capacity to produce ores with high iron content, which are more valued in the international market, he emphasizes.

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Job Creation with the Investment from the Company Controlled by Vale

According to information released by the Agência de Minas Gerais website, around one thousand direct jobs will be generated in the construction of the new industrial plants. The three units will have a total of about 550 permanent positions when they are operational.

The analyst from Indi, Miller Gazola, who participated in the arrangements for the letter of intent between the government of Minas Gerais and Vale’s company, highlights another important consequence of the implementation of this new technology in the currently operating plants. “The New Steel process prolongs the operational period of the mines by up to 20 years. This prevents the municipality from suffering a significant impact on the local economy, maintaining tax revenue and jobs for a considerable period. It is a project that places Minas Gerais at the forefront of mining innovation in the world,” he adds.

Check Out: Miner Vale Announces It Will Invest US$ 6 Billion to Reduce Carbon Emissions by 2030

Miner Vale announced yesterday, through a market statement, its intention to make investments of US$ 4 billion to US$ 6 billion to reduce carbon emissions by 2030, compared to the previous estimate that anticipated investments of only US$ 2 billion. Vale has been developing several initiatives focused on ESG (Environmental, Social, and Governance), such as seeking energy efficiency, electrification of mines and railways, and reducing fossil fuel use. In the document presented to market analysts, the miner maintained the previously set carbon emissions reduction targets.

Company Controlled by Mining Giant Vale to Invest R$ 4.4 Billion in Technology Projects for Sustainable Mining

The Investments of New Steel, Company Controlled by the Miner Vale, Will Be Destined for the Implementation of an Innovative and Sustainable Project in Mining

Investments in the Sustainable Project in the Mining Sector

Job Creation with the Investment from the Company Controlled by Vale

Check Out: Miner Vale Announces It Will Invest US$ 6 Billion to Reduce Carbon Emissions by 2030

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Company Controlled by Mining Giant Vale to Invest R$ 4.4 Billion in Technology Projects for Sustainable Mining

The Investments of New Steel, Company Controlled by the Miner Vale, Will Be Destined for the Implementation of an Innovative and Sustainable Project in Mining

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