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Vale board approves S11D iron-ore project

Publishing Date
04 Jul 2013 12:21pm GMT
Author
Mining Journal
Vale SA’s board of directors has officially approved the US$19.67 billion S11D iron-ore project in Carajas, Brazil after obtaining its installation environmental licence.

S11D is the largest ever single iron-ore project in history, according to Vale and will produce 90Mt/y of iron ore, while also increasing logistics capacity to 230Mt/y for the company’s Carajas mines.

Production is expected to start in the second half of 2016 and to reach full capacity in the 2018 calendar year.

Of the total capital expenditure requirement US$2.74 billion had already been spent by May this year, with the remaining spend set to be “concentrated” during 2014 to 2016.

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