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Mining Company Vale Wants to Explore an Underground Iron Ore Mine in the Coming Years in Itabira – MG
The idea of the underground iron ore mining project by market leader Vale near Itabira – MG has been under analysis by the state-owned company for some time, but only recently, Radio Peão stated that the project will finally move forward.
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In Brazil, open-pit mining mainly focuses on iron ore, which accounts for about 12% of global reserves. The potential for underground mining by Vale in MG is still little known, both in terms of the labor market and the number of mineral and gem extractions currently active in the country.
Brazilian Iron Ore Industry on the Rise, MG on the Radar
The most mined mineral in Brazil’s underground mines is gold, with 22 mines, followed by gems and quartz with 21 mines and coal with 10 mines in Santa Catarina.
Generally, the methods and processes used in Brazilian underground mines are modern, closely aligning in terms of safety and mining methods with benchmark countries (Sweden, Finland, Canada, Chile, South Africa, and Australia).
The benchmark countries concentrate the highest number of mines, universities, research institutions, equipment suppliers, and knowledge related to the context of underground mining. Companies in Brazil seek to follow suit and develop similar conditions.
“Vale’s studies for increasing the utilization of indicated reserves are continually evolving. These studies take into account technological, environmental, legal, and social aspects. Upon completion of feasibility, the results will be submitted for the process of obtaining required licenses for the continuation of any company undertaking,” states the company through its press office.
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