Vale has announced the launch of its Novo Carajás Program on February 14, with the participation of President Lula and other Brazilian authorities. The initiative is designed to enhance the company’s iron ore and copper production capacity, aligning with its long-term growth strategy and sustainability commitments.
According to market guidance, the program involves R$70 billion in investments for the expansion and optimization of mining operations at the Carajás complex, with funding allocated through 2030.
Iron Ore Expansion
A key highlight of the program is the expansion of S11D, Vale’s largest iron ore project, which will see an increase of 20 million tonnes in production capacity.
Copper Growth Strategy
Vale also plans to accelerate copper production through multiple projects:
- A potential Salobo expansion, which may include an underground mine.
- The Alemão and Paulo Afonso projects in the North Hub, expected to add 70,000 to 100,000 tonnes per year.
- The 118 and Cristalino projects in the South Hub, contributing 60,000 to 70,000 tonnes per year.
- Partnerships utilizing smaller copper deposits, expected to add 35,000 to 45,000 tonnes per year.
By 2030, Vale aims to increase its total copper production capacity to 420,000–500,000 tonnes per year.
Investment in Technology, Sustainability, and Safety
Novo Carajás will also prioritize:
- Technological advancements to optimize mining operations.
- Health and safety improvements for workers.
- Equipment maintenance and operational efficiencies.
- Sustainability initiatives, reinforcing Vale’s commitment to responsible mining.
The Carajás region, rich in minerals essential for decarbonization and the global energy transition, remains a strategic focus for Vale’s long-term capital allocation.
For 2025 alone, Vale has earmarked $2.0–$2.5 billion in growth investments, with the majority allocated to metals crucial for the energy transition.