01:11 PM EDT, 09/04/2025 (MT Newswires) -- Vale (VALE) said Thursday it plans to invest 67 billion Brazilian reais ($12.25 billion) in its mining operations in Minas Gerais, Brazil, by 2030.

The company said most of the investments will be spent on expanding tailings filtering and dry stacking to reduce the use of dams in its operations in the state to 20% from 30%.

Vale made the announcement as it reopened its Capanema mine in Ouro Preto.

The mine will add about 15 million tons per year to its iron ore production, contributing to the company's guidance of 340-360 mtpa in 2026, the company said.

Price: 10.22, Change: +0.01, Percent Change: +0.09