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Upcoming Investments

Vale reopens Capanema mine, unveils $12.2B investment plan in Minas Gerais

Vale (NYSE: VALE) has officially reopened the Capanema iron ore mine in Ouro Preto, Minas Gerais, after a 22-year halt, as part of the Brazilian miner’s R$67 billion ($12.2 billion) investment strategy through 2030. The reactivated Capanema unit, which received about R$5.2 billion ($950 million) in investments, will operate without using water in processing, generating no tailings and removing the need for dams. The shift toward dry processing has been a central goal for Vale following the deadly collapses of two tailings dams in Minas Gerais in 2015 and 2019,...
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