Vale announces R$70 billion investment in New Carajás Program in Pará by 2030 at ceremony with President Lula
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Vale’s role in the global energy transition
Leveraging the mining expansion potential of Carajás, including operational mines, expansions and new targets, the program will boost the processing of high-quality iron ore, crucial for green steel production, and copper, which plays a central role in the energy transition.
Iron ore production in Carajás is expected to reach 200 million tons per year by 2030, based on an additional 20 million tons from the expansion of Serra Sul Mine (S11D) and the depletion of current mines. Copper production is projected to grow by 32%, reaching approximately 350,000 tons annually. As a result, the program will make a significant contribution to Pará’s economy, generating around R$80-100 billion a year. Based on current projections, future production could increase the state’s exports by R$15 billion.
Fotógrafo: Jeferson Salazar
Sustainable mining
In recent years, Vale has intensified its focus on energy transition and decarbonization initiatives. These include producing high-quality iron ore, which improves blast furnace efficiency and reduces steel mill emissions; supplying nickel and copper, essential for electric vehicle production; and developing innovative products like briquettes, which can reduce steel industry emissions by up to 10%.
The company has also invested in circular solutions, such as the Gelado Project in Carajás. By 2030, Vale aims for 10% of its total iron ore production to come from circularity-based products. The Gelado Project, with an annual production of 6 million tons from tailings reuse, will play a key role in achieving this goal, moving toward tailings-free mining and low-carbon products.
Fotógrafo: Jeferson Salazar
Vale’s 40 years in Pará
60K+ employees
18K of which are own employees and 48K are third-party employees
R$43 billion
was the volume of local purchases involving companies with head offices and subsidiaries in Pará
R$25.9 billion
collected in taxes such as ICMS, ISS, CFEM and TRFM
R$3.7 billion
allocated to social and environmental expenditures
R$126.5 billion
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