By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The mining giant of Brazil, Vale, announced that it received an operating license for the exploration of the S11D iron ore mine in the Amazon state of Pará. This is the largest iron ore project in the history of the company and in Brazil’s mining industry.

Vale estimates the project, due to start commercial operations in January 2017, will have total investments of US$14.3 billion.

The operating license, valid for ten years, was issued by Brazil’s environmental agency, Ibama, after it verified that the mining company . . .

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