Vale's flagship S11D iron ore mine reports first monthly export figures

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Tuesday, February 14, 2017

Brazilian mining giant Vale shipped in January 264,400t of iron ore from its flagship US$14.3bn S11D Carajás mine in Pará state.

Revenue from the shipments was US$14.3mn, according to data from Brazil's trade department Secex.

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Vale officially cut the ribbon on the project, in Canaã dos Carajás municipality, in December. The first commercial shipment – of 26,500t, loaded on to three ships – was made on January 17.

Of the total invested in S11D, US$6.4bn was spent on the mine and plant and US$7.9bn on a 101km railroad and an expansion of the Carajás railroad and the Ponta da Madeira port terminal in São Luís, Maranhão state.

The project, originally due to be completed in December 2014 and dubbed the Eliezer Batista S11D complex, is the largest mining initiative in the world, according to Vale.

RAMP-UP

Vale said the project's ramp-up will happen over four years to maximize margins and optimize the mix of products.

"The nominal production of 90Mt/y will be reached in 2020, adding a 75Mt net capacity to the northern system, which also includes the mines in the Carajás complex and Serra Leste," Vale said in December. "The northern region alone should offer about 155Mt/y in 2016. In 2020, it is expected to offer 230Mt/y, contributing to Vale's estimated annual production [of] between 400-450Mt/y in four years."