Fox News Latino/EFE, 06/27/2012
Brazilian mining giant Vale said Wednesday it has received a preliminary environmental license for its massive Carajas S11D project, which includes an iron ore mine and a processing plant and is located in the northern Amazon state of Para.
Vale says the project, with an initial annual production capacity of 90 million metric tons, is the largest in its history and also in the iron ore industry.
The project is “our major lever for production capacity growth and for maintaining Vale’s undisputed leadership in the global market in terms of volume, cost and quality,” the company said in a filing with the U.S. Securities and Exchange Commission.
