Mining Company Vale to Invest BRL 3.9 Billion in Bridge Construction Over the Tocantins River for Iron Ore Transportation on the Carajás Railway

Written by Ruth Rodrigues

Published on 21/04/2022 at 21:56

Mineradora Vale fará investimento bilionário em nova ponte construída no Rio Tocantins. Fonte: Reprodução

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The New Bridge to Be Built Over the Tocantins River in Marabá Will Expand the Capacity for Transporting Iron Ore via the Carajás Railroad, Produced by Mining Company Vale, Which Will Make a Billion-Dollar Investment in the Project

With a total investment projected at R$ 3.9 billion, Vale’s new bridge over the Tocantins River, announced last Tuesday (04/19), will be essential for transporting iron ore production on the Carajás Railroad and is expected to have construction completed by around 2027, according to the company’s projections.

++Vale approves construction of a bridge over the Tocantins River, in a project of US$ 830 million (Reuters) #VALE3

— Henrique Esteter (@Economesteter) April 18, 2022

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Iron Ore Transportation Capacity of Vale on the Carajás Railroad Will Be Greatly Enhanced with the Construction of the New Bridge in Marabá

The mining company Vale made a surprising announcement of a new billion-dollar project aimed at expanding the transportation capacity of its iron ore production on the Carajás Railroad. Thus, the new bridge over the Tocantins River will be the company’s new bet to facilitate and streamline this transportation in the Marabá region, and it is essential for the process of expanding the logistics of moving this cargo.

Information regarding the amounts to be invested by Vale in construction comes from the 20F report submitted by the mining company to the Securities and Exchange Commission (SEC), the U.S. capital markets regulatory body. Thus, the company’s initial projection is that construction of the new bridge will begin in 2023, following the necessary bidding processes, and it will be delivered for use during 2027, given that the project requires a long development period.

With the completion of this construction, the transportation of Vale’s iron ore production in the region via the Carajás Railroad will become even more practical and efficient, justifying the billion-dollar investment in this infrastructure, as the company can further expand its business around this ore. Finally, the project includes a second road bridge for vehicle traffic, which will strengthen the connection between the Southeast of Pará State and the northern Brazilian coast.

Investment in the Construction of a New Bridge Over the Tocantins River Is Essential for the Mining Company to Recover from the Decline in Iron Ore Production in the Region

The only existing bridge in the region for vehicle transportation is located on the Carajás Railroad itself, and as a result, the transportation of Vale’s iron ore production is greatly affected. Additionally, the company has been experiencing a significant decline in raw material production, and the works for the new bridge will be the mining company’s new strategy to reverse this situation.

In its most recent report, the company recorded a 13.5% decline in its total iron ore reserves in 2021, reaching a volume of 12.495 billion tons, and the document stated that: “Variations in iron ore reserves from 2020 to 2021 mainly reflect depletion resulting from mineral production at operating mines (corresponding to approximately 414 million tons), downgrades resulting from the strategic review of long-term projects, and other assumptions modified by various factors (geotechnical, market, and processing).”

Thus, the possibility of a new transportation route for iron ore may enable Vale to reverse this situation and make a new investment focused on this production, which currently has a very limited transportation infrastructure for bulk transport.

Mining Company Vale to Invest BRL 3.9 Billion in Bridge Construction Over the Tocantins River for Iron Ore Transportation on the Carajás Railway

The New Bridge to Be Built Over the Tocantins River in Marabá Will Expand the Capacity for Transporting Iron Ore via the Carajás Railroad, Produced by Mining Company Vale, Which Will Make a Billion-Dollar Investment in the Project

Iron Ore Transportation Capacity of Vale on the Carajás Railroad Will Be Greatly Enhanced with the Construction of the New Bridge in Marabá

Investment in the Construction of a New Bridge Over the Tocantins River Is Essential for the Mining Company to Recover from the Decline in Iron Ore Production in the Region

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Mining Company Vale to Invest BRL 3.9 Billion in Bridge Construction Over the Tocantins River for Iron Ore Transportation on the Carajás Railway

The New Bridge to Be Built Over the Tocantins River in Marabá Will Expand the Capacity for Transporting Iron Ore via the Carajás Railroad, Produced by Mining Company Vale, Which Will Make a Billion-Dollar Investment in the Project

Iron Ore Transportation Capacity of Vale on the Carajás Railroad Will Be Greatly Enhanced with the Construction of the New Bridge in Marabá

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