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The Carajás Mine is the largest iron ore mine in the world. It is located in the municipality of Parauapebas, state of Pará in the Carajás Mountains of northern Brazil.The mine is operated as an open-pit mine, and is estimated to contain roughly 7.2 billion metric tonnes of iron ore, plus gold, manganese, bauxite, copper, and nickel.
Iron ore will be transported by rail to the Ponta da Madeira port terminal, which is being expanded to handle a very large increase in iron ore shipments. 504 km of new railway is being built, along with upgrades to 226 km of rail already serving the Carajas mines. It is one of the world's largest mines.
Vale's Carajás Iron Mine, Pará, 2009 NASA satellite photo. Iron ore: Vale is the world's largest iron ore producer. [10] Sales of iron ore fines and pellets represented 65% of total company revenues in 2014. In 2014, Vale sold 256 million metric tonnes of iron ore fines and 44 million metric tonnes of iron ore pellets. [5]
In iron ore, particularly, our C1 cash costs came in at the low end of the guidance range at around $22 per ton. In the fourth quarter, our C1 reached $18.8 per ton, the lowest level since 2022.
Mining operations by Vale began in 1985. [6] The Carajás Mine produced 301Mt of iron ore from the mine in 2008. [5] In March 2012 Vale announced that it had obtained an installation license for the Carajás S11D iron ore project, the largest in the company's history with a US$19.671 billion capital expenditure. [7]
The mountains are contained in the Carajás National Forest, a 411,949 hectares (1,017,950 acres) sustainable use conservation unit created in 1998 that includes mining operations in a huge deposit of high-grade iron ore. [1]
In Kosovo, a state-owned energy company plans to destroy a village to make way for expanded coal mining as the government and the World Bank plan for a proposed coal-burning power plant. The government has already forced roughly 1,000 residents from their homes. Many former residents claim officials violated World Bank policy requiring borrowers to restore their living conditions at equal or ...
Image source: The Motley Fool. Iron Mountain (NYSE: IRM) Q4 2024 Earnings Call Feb 13, 2025, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call ...