Brazilian miner and iron ore producer Vale will invest, along with the states of Espirito Santo and Rio de Janeiro, BRL 16 million in logistics, pelletizing projects, the company said.
The collective fund is aimed at both private and public higher education research institutions in the states of Espirito Santo and Rio de Janeiro.
In the public notice that details the scope of the investment, Vale, along with the funding agencies of the two states, said the proposals should be sent by November 30. The selected projects will be announced on May 30.
Among the logistic topics that could receive the collective fund are studies on corrosion, materials, logistics for railways and ports and intelligent mining, which includes the development of processes for the automation, safety as well as the control of mines.
Proposals on the pelletizing projects category should include initiatives on the treatment, storage, production and reuse of materials related to pellets or iron ore.
1 US$ = BRL 3.62 (August 25)