Capanema iron-ore project, Brazil
Name of the Project
Capanema iron-ore project.
Location
In the municipalities of Santa Bárbara, Ouro Preto and Itabirito, in Brazil.
Project Owner/s
Vale SA.
Project Description
The project consists of investments in the Capanema mine to reactivate the facilities and acquire new equipment, implement a long-distance belt conveyor and adaptations in the Timbopeba storage and loading yard.
The project will have a production capacity by natural moisture (without tailings generation) of 18-million tonnes a year. In the first few years, this will result in a net addition of 14-million tonnes a year of capacity to Vale, with expedition through the Timbopeba site.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Total investments are estimated at $495-million.
Planned Start/End Date
Startup is planned for the second half of 2023.
Latest Developments
Vale SA has received the necessary licences to start construction of the Capanema project in December 2020.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Vale SA, email Vale.RI@vale.com.
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