Industry News

Vale planning to expand iron ore capacity in Amazon with $2.7 billion investment

Views : 118
Update time : 2023-05-29 17:19:09
Vale S.A. (Vale), a Brazilian multinational corporation engaged in metals and mining, is planning to invest US$2.7 billion to increase output by 20 million tons at its S11D iron ore mine in the Amazon region, northern Brazil, as the company thought demand for high-grade ore will be strong in spite of a weak market.

This expansion plan of the S11D mine was part of the company’s plan to supply 260 million tons of iron ore from its northern operations in Brazil's Amazon by 2025.

The S11D mine uses electric excavators and conveyor belts instead of trucks and mobile crushers, so 60% of diesel consumption is reduced, softening the mining impact in the Amazon region.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11