Vale Considers Iron Ore Mining Through Underground Mine in Itabira - MG

Vale Considers Iron Ore Mining Through Underground Mine in Itabira – MG

Written by Valdemar Medeiros

Published on 22/01/2021 at 09:50

Mina subterrânea de Itabira – MG

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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.

Future of Vale’s Underground Mining

The iron ore mining sector has faced several economic challenges and environmental disasters in recent years, especially regarding Vale and its disasters.

Today, the mining industry is experiencing a renaissance and a renewed sense of confidence. This recovery has been marked by the convention of the Prospectors and Developers Association of Canada, held in Toronto from March 4 to 7, 2020, which brought together more than 25,606 people.

ARTICLE CONTINUES BELOW

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.

Vale Considers Iron Ore Mining Through Underground Mine in Itabira – MG

Mining Company Vale Wants to Explore an Underground Iron Ore Mine in the Coming Years in Itabira – MG

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