Reported 25 days ago
Brazilian mining company Vale has confirmed a $12.26 billion investment in its Carajas complex, aiming to increase iron ore production to 200 million tons per year by 2030. This investment aligns with Vale's 'New Carajas' plan, as announced by Brazil's presidential palace. The complex, located in Para state, produced over half of Vale's iron ore output last year and will also see a 32% increase in copper production.
Source: YAHOO