Vale Plans $20bn of Expansions

7 October 2010 (Last Updated October 7th, 2010 18:30)

Vale has announced that it is planning to invest $20bn in mine developments and expansions in 2011. The company's major investment projects include the Serra Sul mine, linked to the giant Carajas project, which is expected to add an additional 90 million tons of iron ore production per

Vale has announced that it is planning to invest $20bn in mine developments and expansions in 2011.

The company's major investment projects include the Serra Sul mine, linked to the giant Carajas project, which is expected to add an additional 90 million tons of iron ore production per year.

The company is also developing projects in Canada, Africa and China, and has bid on coal assets in Colombia, reports Reuters.