Brazilian miner and iron ore producer Vale will invest BRL 2.8 billion ($523.9 million) at its Estrada de Ferro Carajás (EFC) iron ore railway in the next five years, the state of Maranhão said this week.
The railway transports iron ore from the company’s largest mine, the Carajás iron ore mine, where the miner has its S11D project. It connects the states of Maranhão, where a large part of investments will take place, and Pará.
Vale plans to increase iron ore capacity at its north logistics corridor from 215 million mt/year to 240 million mt/year, the state of Maranhão said.