Mining Stock News: Lara (TSXV: LRA) Reports Further Higher-Grade Copper Intercepts at the Planalto Project
Mining Stock News: Lara (TSXV: LRA) Reports Further Higher-Grade Copper Intercepts at the Planalto Project
Stay updated with breaking news from Carajas. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Mining Stock News: Lara (TSXV: LRA) Reports Further Higher-Grade Copper Intercepts at the Planalto Project
Analysis shows handful of corporations extract tens of billions of dollars of raw materials a year – and their commitments to restoration vary greatly
Vale is plowing ahead with a $2.7-billion investment to expand iron output in Brazil’s Amazon, betting demand for high-grade ore will stay strong in an overall softer market. At the world’s largest and richest open pit, carved out of the forested mountains of Carajas, Vale is on track to add 30-million metric tons of capacity, it reported during a site visit last week. Work at the S11D mine is part of a plan to be able to supply 260-million tons from its northern operations by 2025.
The Tucumã copper project in Pará, Brazil, is expected to begin commercial operations in the second half of 2024.
Illegal mining is booming in Canaa dos Carajas, a Brazilian Amazon town that's become a hub for copper mining.