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Vale to restart work on $495m Capanema project

“The start of the construction works of Capanema Project marks another important step in productive capacity buffers creation, ensuring greater operational flexibility with low capital intensity,” said Vale CFO Luciano Siani Pires.

The project includes investments in the Capanema mine to resume operations, acquire new equipment, implement a long-distance belt conveyor and adjust the Timbopeba stockyards, the company said.

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