Vale reopens key mine, plans to spend $12B in Brazil's Minas Gerais

2 days ago 1
Iron Ore reclaimer machine and stockpile

Dazman/E+ via Getty Images

Vale (NYSE:VALE) reopened its Capanema iron ore mine, which had been inactive for 22 years, and said it plans to spend 67B reais (~$12.3B) in its mining operations in Brazil's Minas Gerais state by 2030, Reuters reported Thursday.

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