The hottest Vale has always maintained confidence

2022-09-21
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Vale has always maintained confidence in China's demand

vale said yesterday that the company has obtained the construction environment license for the karajas iron ore project. With the approval of the construction permit, the board of directors of Vale has decided to adopt a complete set of s11d project plans, including investment in mining areas, processing plants, railway facilities and ports. Vale said yesterday that it had obtained the construction environmental permit for the karajas iron ore project. With the approval of the construction permit, the board of directors of Vale has decided to adopt a complete set of s11d project plans, including investment in mining areas, processing plants, railway facilities and ports

vale said that the total capital expenditure of the project was US $19.671 billion, including mines and processing plants (US $8.089 billion) and logistics and transportation (US $11.582 billion). It is planned to start in the second half of 2016 and reach full capacity in 2018. The average term of office of each government is only more than one year

the project is the world's largest iron ore project, with an estimated annual output of 90million tons of iron ore, equivalent to nearly one-third of Vale's current annual output. The proven iron ore reserves of the project are 4.24 billion tons, with an average iron content of 66.7% and low impurity content. The estimated direct cost (royalties for mining areas, factories, railways and ports) is $15 per ton

although the demand for iron ore in China's steel industry has declined due to the deterioration of the market, Vale has maintained confidence in China's demand and continuously increased its investment in iron ore development

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