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Vale Received License to Start Working on Capanema Transport Project Near Its Timbopeba Mine in Minas Gerais
The mining company Vale has made an estimated investment of $495 million to put the transport project in Minas Gerais into operation. The mining company also stated earlier this Monday that the Capanema project, located in the municipalities of Santa Bárbara, Ouro Preto, and Itabirito, in Minas Gerais, will add a net capacity of 14 million tons per year to the Timbopeba mine.
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“The start of the works on the Capanema transport project in Minas Gerais marks another important step in creating buffers for production capacity, ensuring greater operational flexibility with low capital intensity,” said Vale’s CFO Luciano Siani Pires in a press release.
Mass Investments for Mining Industry
The Vale project includes investments in the Capanema mine and transportation in Minas Gerais for the resumption of operations, acquisition of new equipment, implementation of a long-distance conveyor belt, and adjustment of the storage yards at Timbopeba, the company reported.
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Vale also reduced its production guidance for 2020 again in December, from 310-330Mt revised to 300-305Mt. Transport and iron ore prices continued to rise amid new supply concerns, with tensions between Australia and China flaring up and Vale reporting that a worker was killed in a landslide at its Corrego do Feijão mine near Brumadinho on Friday.
Vale Intends Not to Use Water in Its Processes, Not Generating Wastes, Which Avoids the Need for Dams.
Vale is using dry processing in several units, including Brucutu, Alegria, Fábrica Nova, Fazendão, Abóboras, Mutuca, Pica, and Fábricas in Minas Gerais, with plans for implementation in other locations, including the Apolo and Capanema projects.
Vale is committed to transforming natural resources into prosperity and sustainable development. With start-up planned for the second half of 2023, the project will have a production capacity from natural moisture (without waste generation) of 18 Mtpa and in the first years will bring a net addition of 14 Mtpa of capacity for Vale with shipping from the Timbopeba site.
