Vale to unveil $12B investment to expand Carajas site, Brazil government says

Iron Ore reclaimer machine and stockpile

Dazman/E+ via Getty Images

Vale (NYSE:VALE) is set to announce a five-year, 70B real (~$12.2B) plan to expand its iron ore and copper mining operations at the Carajas complex in Brazil, the presidential palace said Wednesday.

The announcement will be made at an event

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