Steel News

We strive to let you one step ahead of the market.

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

29 May 2023 14:05 reported by Joy Liu

A A A
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.

Back to Steel News

Related News

Proactive macroeconomic policies push iron ore close to $107

  • Raw material
  • 15 Oct 2024 14:17

USITC makes final determination for 5th AD sunset review on silicomanganese from China & Ukraine

  • Raw material
  • 14 Oct 2024 16:27

TotalEnergies considers entering copper trading

  • Raw material
  • 11 Oct 2024 16:09

LME’s nickel prices increase as declining inventory & probability FED rate cut in Nov

  • Raw material
  • 11 Oct 2024 16:01

Brazil’s iron ore exports hike in Sep m-o-m, y-o-y

  • Raw material
  • 10 Oct 2024 09:16

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,046.00
  • 3,065.00
  • Aluminum
  • 2,565.50
  • 2,601.50
  • Copper
  • 9,515.50
  • 9,668.00
  • Nickel
  • 17,330.00
  • 17,630.00

Learn more

Coil Exchange Center

Learn more