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Vale spent over $6 billion in Minas Gerais state in 2021-Pumao steel

2022-03-23 | Pumao

Brazilian miner and iron ore manufacturer Vale invested BRL 32.8 billion ($6.6 billion) in Minas Gerais state in the full-year of 2021, according to a media record by Diario do Comercio.

Minas Gerais is a significant iron ore creating state in Brazil, together with Pará state. It is additionally house to a number of Vale mines and to business like integrated steelmaker Gerdau, flats producer Usiminas as well as ArcelorMittal Brazil.

The media record kept in mind Vale purchased a mixed BRL 21 billion ($4.2 billion) in items and also products from neighborhood providers in the full-year of 2021.

Vale paid BRL 4 billion ($813.2 million) in tax obligations to city, state and also government governments in 2021, the media record noted.

Vale produced 69.7 million mt of iron ore out of its Southeast System in full-year 2021, which includes its Itabira, Minas Centrais as well as Mariana mines, all located in Minas Gerais state.

Its Paraopeba and Vargem Grande mines, likewise situated in Minas Gerais state, created an additional 54.2 million mt of iron ore in full-year 2021. These mines are part of Vale's South System.

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