Brazil's Vale to boost output of high-quality iron ore
Brazilian mining giant Vale is planning to boost production of high-quality iron ore as global steelmakers look to the input to reduce their emissions.
Vale expects to reach production of 50-55Mt of high-quality agglomerated iron ore by 2026, compared with 32Mt produced last year, the company said in a presentation for investors.
Production is expected to reach around 100Mt in 2030, the company said.
"The steel industry is exploring alternatives to reduce emissions, which will demand high quality iron ore," Vale said.
The company said supply of iron ore is likely to be tight and the environmental licensing process for projects is more complex due to the high demands of ESG practices.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Brazil)
Brazil braces for ripple effects of Trump’s economic policies
BNamericas spoke with business leaders and analysts to gain some insights into the likely impacts that the new Trump administration will have on Br...
G Mining unveils investment plans for its Brazil, Guyana gold projects
The firm expects to invest US$70mn in Brazil and at least US$200mn in Guyana.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Lavra Velha
- Current stage:
- Updated:
3 months ago
- Project: Minas - Rio
- Current stage:
- Updated:
3 months ago
- Project: Sergi
- Current stage:
- Updated:
3 months ago
- Project: Serra da Serpentina
- Current stage:
- Updated:
3 months ago
- Project: Cajueiro
- Current stage:
- Updated:
3 months ago
- Project: Potássio Autazes
- Current stage:
- Updated:
2 months ago
- Project: Serra do Taquaril mining complex (CMST)
- Current stage:
- Updated:
3 months ago
- Project: Gelado
- Current stage:
- Updated:
3 months ago
- Project: Jaguar nickel sulphide project
- Current stage:
- Updated:
3 months ago
- Project: Compacts
- Current stage:
- Updated:
3 months ago
Other companies in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: ASX Mineração
- Company: Nexa Resources S.A. (Nexa)
-
Large-scale integrated zinc producer Nexa Resources S.A. (Nexa) is a Brazilian metal mining company, formerly known as Votorantim Metals. The company is part of the local Votora...
- Company: MSM TOPAZ Engenharia e Projetos
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: MIP Engenharia S.A. (MIP Engenharia)
- Company: Companhia Brasileira de Alumínio (CBA)
-
Companhia Brasileira de Alumínio (CBA), born in 1941 and headquartered in São Paulo, is a Brazilian aluminum producer part of the local conglomerate Votorantim. CBA mines and sm...
- Company: Alcoa Alumínio S.A. (ALCOA Aluminio Brasil)
-
Alcoa Alumínio, the Brazilian subsidiary of US aluminum giant Alcoa, produces primary aluminum, fabricated aluminum, and alumina. In addition to aluminum products and components...
- Company: Forship Engenharia (Forship Engenharia S.A)
-
Forship provides engineering solutions and services for industrial plants in the oil and gas, petrochemical, shipbuilding, electric power and mining industries, among others. Th...
- Company: Grupo Tubarao Mineracao
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
