Brazilian mining company Vale has disclosed to the country's securities regulatory authority, CVM, details of the planned acquisition of a 30 percent minority stake in Ligga, which operates the Ferro Sul mine in the municipalities of Parahuapebas and Curionopolis, in the Carajas region of Para State. The transaction still requires the usual corporate and regulatory approval.
The mine currently has a capacity of about 2 million metric tons of iron ore per year, and the expansion plan aims to increase this figure to 8 million tons per year.
The launch of the project is scheduled for June 2028 and includes the construction of a new processing plant, infrastructure facilities and a railway logistics solution.
The deal also includes a long-term sales agreement, according to which Vale will acquire 100% of the agglomerated raw materials produced by Ligga on an exclusive basis.
According to Vale, the agreement provides long-term access to additional volumes of high-quality iron ore and adds flexibility to its Northern System portfolio by reducing capital intensity and integrating into existing logistics infrastructure.
The products will be shipped via the Carajas railway to Ponta Port da Madeira in San Luis, Maranhão State.
In 2025, Vale produced 336 million tons of iron ore, regaining its position as the world's largest iron ore producer.
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