Iron ore export potential may be making it one of Brazil's largest coal mine, taking into account that Brazil will develop its Amazon region, there is a dispute iron ore mine development project.
Amazon forest areas rich in iron ore mining shelved due to the dispute, its impact is mainly due to iron ore mining to the environment, however, that the mine the developers ValeDoce in this week for permission to develop the project.
Vale company said it is expected that the mine will begin operations in 2016, the annual iron ore production is likely to reach 90 million tons.
ValeCarajas the company will expand the S11D coal mines, its iron ore reserves will prompt the company to become one of the world's largest iron ore producer.
In recent months, the Brazilian iron ore exports fluctuations, mainly due to the domestic currency overflow value, resulting in Brazil, some exporters affected.
Recently, the central bank to conduct monetary policy interventions will help to reverse the current decline in exports, but investors still deep interest the development of Brazilian iron ore.
Latin America's largest iron ore exporter by the downturn in demand in
China, earlier this year, the coal mines of Brazil was interrupted due to weather.
China's iron ore reserves of about 60% of the world market, China's iron ore demand is weak, which will impact to some extent, Brazil and other countries in iron ore exports.
Vale annual iron ore output reached 300 million tons, is expected to increase iron ore production in the new development plan.
Vale, S11D coal mine expansion will help to maintain production, to achieve its export target. Overall, the global iron ore demand is still strong, even though Chinese demand fluctuations, Australia Billiton and RioTinto Vale competitors, Africa, Asia and Latin America market manufacturers will become a strong competitor.
Vale said that its still building looking for new iron ore reserves in order to maintain its competitiveness. Its still the old coal mines in southern Brazil to invest $ 4,000,000,000 in order to increase its output.
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