Brazilian miner Vale will announce on Friday a 70 billion real ($12.2 billion) investment to expand its iron ore and copper mining operations at the Carajas complex in northern Brazil, the presidential palace said on Wednesday.

Brazilian iron ore producer Vale is set to announce a significant expansion of its mining operations at the Carajas complex in northern Brazil on Friday. The company plans to invest 70bn reais ($12.2bn) through 2030,

Vale is an international mining company that focuses on producing iron ore, pellets, and nickel. The company works every day to take the natural resources available to us and develop them into prosperous resources;

Brazilian miner Vale will announce on Friday a 70 billion real ($12.2 billion) investment to expand its iron ore and copper mining operations at the Carajas complex in northern Brazil, the presidential palace said on Wednesday.

Brazilian miner Vale will announce on Friday a 70 billion reais ($12.2 billion) investment to expand its iron ore and copper mining operations in the Carajas complex in northern Brazil, the presidential palace said on Wednesday.