Vale, the world’s largest iron ore exporter has planned to invest BRL4bn ($715mn) by 2025 at its port of Tubarao complex in Brazil. Iron ore producers will implement various improvement projects in order to increase operational efficiency in Espírito Santo state. The largest and most efficient export terminal for pellets and iron ore in the world.
Vale sought help from local companies to help them during the process of improvement expected to be done over the span of the next five years. The company has planned the whole investment keeping an eye on the environmental plan to reduce the emission of particulate materials and treating effluents.
The company allocated the highest share of 30pc into electromechanical assembly followed by civil works that would get 25pc, equipment and materials (15pc), engineering (15pc), metal structures (10pc), and services (5pc), respectively. Thus, 60pc investments would go into the port complex, 23pc into the pelletizing complex, 17pc interventions to preserve the environment and 1pc to the Vitoria-Minas Railway, as per company reports.
The company sets to increase the skillset of its workforce operating especially in the area of civil construction. The present workforce of 3,125 would increase upto 8,000 by 2023.
The Tubarao port has a shipment capacity of up to 120mn mt per year of iron ore and pellets. This with the use of technology would increase further in the near future. Also, an extension of 18sqm area terminal handling capacity is set to increase.