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Brazilian policymakers discuss Vale’s Apolo iron ore project

25 Nov 2021 15:05 reported by Vicky Wang

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The Legislative Assembly of the State of Minas Gerais in Brazil has begun discussions about Vale’s Apolo iron ore project in Caeté, Minas Gerais state this week.

Minas Gerais is Brazil’s largest mining and iron ore state, with an iron ore mining volume exceeding over 180 million tons per year.

Vale said it will disclose the investment, the potential impact of the project on the environment, and the employment opportunities that the project can bring.

Vale acquired the mining rights of Mineração Apolo in 2008 and intended to invest BRL 4 billion to produce iron ore, with an estimated annual production capacity of 24 million tons. The project now has to rely on policymakers to assist in its advancement.

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