Iron Ore Mining Project

Vale obtains Environmental License for USD 8 billion Iron Ore Mining Project

07/05/2012 | Editor: Marcel Dröttboom

Vale has obtained the preliminary environmental license (LP) to the USD 8 billion iron ore mining project Carajás S11D in Brazil.
Vale has obtained the preliminary environmental license (LP) to the USD 8 billion iron ore mining project Carajás S11D in Brazil.

Vale has announced that it has obtained the preliminary environmental license (LP) to the iron ore project Carajás S11D. The LP is part of the project’s first phase of licensing and attests its environmental feasibility. The capex for the development of mine and processing plant is estimated at about USD 8.039 billion.

Rio de Janeiro, Brazil – S11D is the largest project in Vale’s history. Located in the southern range of Carajás, in the state of Pará, Brazil, with an estimated capex of USD 8.039 billion for the development of mine and processing plant, the project has a nominal capacity of 90 million tonnes per year of iron ore with an average ferrous content of 66.48 percent and low concentration of impurities. Operations are expected to start in the second half of 2016.

S11D will require investments in logistics infrastructure – in the Carajás railroad and the Ponta da Madeira maritime terminal – estimated at USD 11.4 billion, which will allow them, after the conclusion, to handle 230 million tonnes per year of iron ore.

The project will use a truckless mining concept where off-the-road trucks will be replaced by a structure composed of excavators and mobile crushers that will extract the iron ore and feed the conveyor belts that will transport it to the beneficiation plant.

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