Brazilian mining company Vale, renowned for its innovation in natural resources, recently announced a significant step in the renewable energy sector. The company has entered into a partnership with American investment firm Global Infrastructure Partners (GIP) through its renewable energy division, Alianca Energia.

Brazilian mining giant Vale $VALE, one of the world’s largest iron ore producers, is set to announce a significant investment of 70 billion reais ($12.2 billion) this Friday. The investment will focus on expanding the production capacity of iron ore and copper at the Carajás mining complex in northern Brazil. According to a statement from the presidential palace, these investments are scheduled to unfold through 2030.