Vale Key Mine Brazil’s Vale, plans to invest $ 12 billion in Minas Gerais
Brazilian Miners Vale said on Thursday will invest 67 billion reais ($ 12.36 billion) in his mining operation in the Minas Gerais State in 2030, because it held a ceremony to mark the reopening of the main mines in Ouro Peto City.
Most investments will be focused on the solution to expand the filtering and buildup of dry iron ore tailings, said Vale in a statement, because it is trying to reduce the use of dams in local operations up to 20% of 30%.
It has become the company’s destination after the fatal collapse of two tailings dams in Minas Gerais in 2015 and 2019, which together killed hundreds and caused severe environmental damage.
The miner on Thursday reopens the Capanema iron ore mine, which is not active for 22 years, and now will operate without using water in processing, does not produce tailings and eliminate dam needs.
“Capanema exemplifies the new mining phase in Minas Gerais and strengthens our commitment to a more responsible production process,” said Executive Chief Vale Gustavo Pimenta.
VALE – One of the largest iron ore producers in the world – said it would invest in modernizing five operational complexes, including improvements in the management of geotechnical structures in the mine, connectivity, and fleet renewal in the state of Minas Gerais.
Capanema will add about 15 million metric tons per year to the output of Vale iron ore and help the company achieve its goal of producing between 340 million and 360 million tons next year, Vale added.
Source: Reuters
