Brazil's Vale confirms $12 billion investment in Carajas complex through 2030
ReutersFeb 14, 2025 6:35 PM
SAO PAULO, Feb 14 (Reuters) - Brazilian miner Vale VALE3.SA confirmed on Friday that it will invest 70 billion reais ($12.26 billion) in its Carajas complex in northern Brazil through 2030.
Brazil's presidential palace had initially announced the planned investment on Wednesday. Vale added in a statement that the expected investments toward the "New Carajas" plan are in line with its guidance.
($1 = 5.7110 reais)
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