Vale plans to build new railroad and port in Pará

Vale reported on Tuesday (19/06) that it is considering building a new railway and port in the state of Pará as an outlet for the Carajas Serra Sul mine owned by it.

According to the company, the new railroad would extend 400km from the current Carajás railroad to Vila do Conde Port in the state of Maranhão. The measure could contribute to the “demise” of the Port of Ponta da Madeira (Maranhão), currently used by the mining company. In May Vale had reported that it was considering doubling its production at the Serra Sul mine to 150m tons per year.

Brucutu reopening

More news on Vale is that the mining company announced on Wednesday (19/06) that operations at Brucutu Island will be resumed within 72 hours. This is because the STJ (Superior Court of Justice) suspended the decision made by the Minas Gerais Court of Justice that prevented the activities of the Laranjeiras dam in Brucutu. With this, there will be an increase in the average quality of its products.

Source: Reuters and Valor

Sharing is caring!