Vale announced it will invest 67 billion reais (approximately $12.36 billion) in its mining operations in Minas Gerais, Brazil, by 2030. The company held the inauguration ceremony for the Capaneema mine in Ouro Preto on the same day. Vale stated that the mine will provide an annual iron ore capacity of approximately 15 million mt, supporting the company's goal of achieving annual production between 340 million and 360 million mt by 2026.
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