Mining
Brazil is considered one of the main global players in the mining sector. The segment is a key aspect in the economic development of the country. Aware of its importance, the Brazilian Government, through the Ministry of Mining and Energy, elaborated the National Mining Plan 2030, which constitutes a strategic tool to guide policies which contribute to the mining sector as a foundation for the country´s sustainable development.
To make this possible, the Plan promotes the alignment of the sector with national directives for long-term development, such as raising employment and income levels, and maintaining consistent, steady growth of GDP. The Plan also conceives of a vision of a desirable future for the Brazilian mining sector over the next 20 years, unfolding through eleven strategic objectives grounded in three principle directives: public governance, value addition and sustainability.
With predicted investment of R$11.5 billion, Vetria is founded on a partnership between three companies: América Latina Logística, which owns the concession for the railway between Corumbá and Santos (50.4% of capital); Vetorial Participações, owner of iron ore deposits in Corumbá (33.8%); and Triunfo, owner of the land where the port terminal will be installed in Santos (15.8%).
There will be investment of R$6.4 billion for adaptation of the existing train line, which will facilitate the logistics of transporting the ore. The modernization of the mine in Corumbá will receive R$2.3 billion, directed towards the extraction, crushing and sorting of the product. To complete these actions, there will be a new port terminal constructed in Santos, with capacity to receive ships of 120,000 ton cargo capacity. R$2.8 billion will be invested in constructing the port.
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