Vale confirms $12 billion investment in Carajas complex through 2030
Carajas, in Brazil's Para state, is Vale's largest iron ore production complex.
The board of Vale SA , the world’s largest iron ore producer, on Wednesday approved plans to raise 1 billion reais ($287 million) from the sale of debt notes to expand the railway system at its Carajas ore mine.
via Brazil's Vale plans debt sale to expand Carajas railway – Yahoo Finance.