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07 Jan
09:43

Minas Gerais announces new iron ore projects

The state of Minas Gerais in Brazil has signed 18 protocols of intent for private investments in the region with large companies such as Vale, Usiminas, Vallourec and Taquaril Mineração (Tamisa), among others. The total estimated investment in new projects and expansion of production units should reach BRL 14.7 billion ($3.62 billion), Kallanish learns from the authority. Vale has already begun investing BRL $1.24 billion for the modernisation of its…
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