Mining Company Vale Aims to Invest US$ 5.8 Billion in Northern Brazil

Written by Roberta Souza

Published on 25/01/2021 at 17:31

Vale

Be the first to react!

Of The Total Investments By Vale, About 81% Will Be Allocated To Expansion Projects In The Northern Region

Vale, a Brazilian multinational and one of the largest logistics operators in the country, plans to invest $5.8 billion in the northern region of Brazil, of which $1 billion will be used solely for expansion. This amount will be repeated in subsequent years. By 2024, the miner expects to invest $2.7 billion in iron ore projects solely in the region, extracting the purest products.

Check Out Other News Of The Day:

The state of Minas Gerais, marked by two recent dam tragedies and a hub for mining operations, remains significant, especially for having a lower iron content, which when mixed with Carajás produces BRBF, sold in China.

Currently, Vale’s main objective is to replace production losses in the state of Minas after Brumadinho and to prevent new accidents. In December, a worker was killed in a landslide at the Córrego do Feijão mine. At the same time, if an agreement is not reached with the Minas Gerais state government, the company risks facing a multi-billion dollar sentence.

ARTICLE CONTINUES BELOW

Carajás Complex

Located in the municipality of Canaã dos Carajás, in southeastern Pará, S11D is the largest mining complex in Vale’s history. It is an undertaking that fits the model of sustainable mining. The iron ore from Carajás with an iron content of up to 66% contributes to Vale’s business strategy of providing products that can help customers such as Chinese steel producers reduce carbon emissions.

Elmer Prata Salomão, a geologist and consultant, says that “Carajás is a fantastic deposit, which still has strong potential to be explored and an exceptional logistics already implemented. The mines in the Iron Quadrilateral will not be abandoned, but they are already mature.”

Mining Company Vale Aims to Invest US$ 5.8 Billion in Northern Brazil

Of The Total Investments By Vale, About 81% Will Be Allocated To Expansion Projects In The Northern Region

Check Out Other News Of The Day:

Carajás Complex

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Austria inaugurates Europe’s first high-speed railway outside China — trains travel at 250 km/h through 33 km tunnels in the Alps that took 27 years to drill

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

2 scientists analyzed in a new study whether the construction of a mega dam in the Bering Strait could be the last barrier against climate collapse, to protect one of the world’s most important ocean currents.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

5 wolf-in-sheep’s-clothing cars that hid absurd mechanics, from a sedan with a Ferrari V8 and a Toyota with a twin-turbo 2JZ to a Saab wagon that gave Porsches a run for their money and the brutal Lotus Carlton disguised as an Omega

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Smart bin in London tracked pedestrians’ cell phones, used WiFi to measure urban circulation, raised a privacy alert, and showed how a simple bin can become a street spy.

Mining Company Vale Aims to Invest US$ 5.8 Billion in Northern Brazil

Of The Total Investments By Vale, About 81% Will Be Allocated To Expansion Projects In The Northern Region

Check Out Other News Of The Day:

Carajás Complex

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Austria inaugurates Europe’s first high-speed railway outside China — trains travel at 250 km/h through 33 km tunnels in the Alps that took 27 years to drill

An unmanned Russian ship has been drifting in the Mediterranean for 57 days with 60,000 tons of gas — the second towing attempt has just failed.

2 scientists analyzed in a new study whether the construction of a mega dam in the Bering Strait could be the last barrier against climate collapse, to protect one of the world’s most important ocean currents.

An MIT startup is betting on superhot geothermal in Oregon and building the world’s first plant of its kind, targeting rocks above 300°C to generate 50 MW by 2030 and expand the project to 250 MW with few wells.

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Tolls on SP-310 and other highways in the interior of São Paulo become more expensive

Tech giants laid off 92,000 people in four months to invest in artificial intelligence, and now robots do the work that humans took years to learn.

Why Jorge Messias’s rejection in the Senate became a turning point in the government, made Lula accelerate a new nomination to the Supreme Court, and revealed unexpected movements within the political base in Congress

5 wolf-in-sheep’s-clothing cars that hid absurd mechanics, from a sedan with a Ferrari V8 and a Toyota with a twin-turbo 2JZ to a Saab wagon that gave Porsches a run for their money and the brutal Lotus Carlton disguised as an Omega

End of the 6×1 work schedule could expand women’s access to the labor market, says minister, linking a shorter workweek, two days of rest, and combating the overburdening of women to greater dignity and equal pay in the country.

Women experience a “7×0 schedule” in care work, dedicating almost 10 more hours per week to home and family, and sustaining an invisible routine that extends across holidays, weekends, and mental health.

Smart bin in London tracked pedestrians’ cell phones, used WiFi to measure urban circulation, raised a privacy alert, and showed how a simple bin can become a street spy.