Apolo iron-ore project, Brazil
Photo by ©Reuters
Name of the Project
Apolo iron-ore project.
Location
Between the municipalities of Caeté and Santa Bárbara, about 40 km from Belo Horizonte, in Brazil.
Project Owner/s
Vale.
Project Description
The proposed project involves the construction of a mine, a processing plant and an 8 km rail branch to connect to the Vitória a Minas Railroad. Envisaged is the production of about 14-million tons of sinter feed a year at natural humidity – therefore, without the use of water in the processing of iron-ore. This production process eliminates the need for dams.
Vale has said the project does not interfere with the limits of Serra do Gandarela National Park.
The project has a 29-year mine life.
Potential Job Creation
The project is expected to create about 2 600 temporary jobs at the peak of construction. During the operation phase, about 740 direct jobs will be created, in addition to an estimated 2 100 indirect and induced jobs. Local labour will be prioritised.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The project cost is estimated at $1.3-billion.
Planned Start/End Date
Vale expects to get an installation permit by early 2028 and start production by about 2030.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Vale, email imprensa@vale.com.
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