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Vale opens largest iron ore mine in its history | .
The project was named after its loion: it is on block D of the S11 ore body, which contains four blocks: A, B, C and D. According to Vale, S11's mineral potential is 10 billion tons of iron ore, and blocks C and D together have reserves of billion metric tons. The first geological surveys in the region occurred in the 1970's.
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pellet production beyond 22 years provides further upside. • The life of Project cost of pellets (including capital return) is estimated at US62/DMT FOB Kemaman. This compares to a 2005 contract price of US94/DMT for Brazilian blast furnace pellets CIF China, and higher for spot pellet sales.
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