Brazilian miner Vale confirmed on Friday that it will invest 70 billion reais ($12.26 billion) in its Carajas complex in northern Brazil through 2030.

Brazilian mining company Vale has confirmed plans to invest 70 billion reais ($12.26 billion) in its Carajas complex in northern Brazil by 2030. The announcement was initially made by Brazil's presidential palace 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,

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.