The hottest vale plans to invest $7billion in seve

2022-08-14
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Vale plans to invest US $7billion in seven African countries

vale plans to invest US $7billion in seven African countries

China Construction machinery information

Guide: in the evening of February 6, Beijing time, the head of global enterprise affairs of mining giant vale Pok said on Wednesday that we hope to innovate in combination with different products. The company plans to invest US $7billion in seven African countries in the next few years, The main investment objects are coal in Mozambique, iron ore and bauxite in Guinea, Zambia and Democratic Republic of Congo

evening news on February 6, Beijing time, 11 Comparison function: it can query several experimental curve industry giants. Vale's head of global enterprise affairs Pok said on Wednesday that the company plans to invest $7billion in seven African countries in the next few years, mainly in Mozambique's coal, Guinea's iron ore and bauxite with dirt in oil tanks, and Zambia, the Democratic Republic of the Congo and Angola's copper

in Guinea, Vale has cooperated with private enterprise BSG resources to develop Simandou iron ore project. In Zambia, Vale has established joint ventures with African rainbow mining and Zambia's state-owned United copper mine (zccm). The joint venture has been put into operation in October 2012, with a capacity of 45000 tons of copper concentrate. In Angola, Vale is conducting copper exploration. In Congo, Vale is working with arm to find copper. In Mozambique, Vale moatize project began to produce coal in 2011. At present, the coal output has increased to 4.5 million tons per year. The first stage investment in Mozambique will increase the coal output to 11million tons per year, and the second stage investment of US $2billion will increase the coal output to 22million tons per year. In addition, Vale will also invest in Mozambique's railway infrastructure

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