After getting to know Vale’s operations up close in the municipalities of Parauapebas and Canãa de Carajás, as well as the Vale Bio Park, a tree nursery and the São Francisco Ranch (an example of an agroforestry project incubated by Fundo Vale), a Bloomberg journalist wrote about how Vale is betting big on iron ore extracted from the Amazon. According to the article, the mining company plans to invest US$2.7 billion to expand production at S11D Mine in Carajás, which will be able to supply 260 million metric tons.