Brazil's Vale announces $70 billion investment for green mining

Brazilian President Luiz Inácio Lula da Silva announced a $70 billion investment by Vale in expanding iron and copper mining in Carajás, to take place between 2025 and 2030. Lula emphasized the need for strategies for energy transition and green production, aiming to boost the country’s transition to sustainable resources. The initiative is part of a broader commitment to sustainability and economic development in the mining sector, aiming to double its contribution to the GDP within a decade.