Brazilian iron ore miner Vale has announced that it plans to invest Rial 3.5 billion ($2.25 billion) to improve its logistics in Sao Paulo, Brazil, as reported by local media sources.
Marcello Spinelli, chief director of Vale, said the company will expand its railway loading capacity along the Atlantic and will improve its logistics at the port of Ultrafertil.
The project is subject to the approval of the company's board of directors.