Brazilian miner Vale announced a significant investment of 67 billion reais, approximately $12.36 billion, in its mining operations within Minas Gerais state by 2030. This declaration coincided with a ceremony marking the reopening of the Capanema mine in Ouro Preto.
A substantial portion of these investments will be directed towards expanding solutions for filtering and dry stacking of iron ore tailings. This strategic focus aims to reduce the reliance on dams in Vale's local operations, targeting a reduction from 30% to 20% usage.
The reopening of the Capanema mine and the extensive investment plan underscore Vale's commitment to operational expansion and enhanced safety and sustainability. These initiatives are crucial for boosting iron ore output while addressing environmental concerns, particularly after past dam-related incidents in Minas Gerais.
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