Brazilian miner Vale has confirmed a significant investment of R$70 billion, equivalent to approximately $12.26 billion, in its Carajás complex in northern Brazil through 2030. This substantial capital allocation underscores the company's long-term growth strategy.
The investment is a cornerstone of the 'New Carajás Program,' which aims to increase iron ore output in the Carajás region to 200 million tons per year by 2030. This includes an additional 20 million tons from the expansion of the Serra Sul mine, known as S11D.
For investors, this program signifies Vale's commitment to maintaining its dominant position in high-quality iron ore production. The expansion is expected to deliver high-quality volumes at competitive cash costs, reinforcing Vale's operational strength and future cash flow generation.
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