SAO PAULO, Feb 12 (Reuters) - Brazilian mining company Vale is set to unveil a 70 billion real ($12.2 billion) investment plan this Friday to expand its iron ore and copper mining operations at the Carajas complex in northern Brazil, as announced by the presidential palace on Wednesday.
The investments, scheduled to be implemented by 2030, will be disclosed during an event with Brazilian President Luiz Inacio Lula da Silva and members of his cabinet.
Vale has yet to respond to a request for comment.
According to Brazil's presidential palace, Vale will introduce its "New Carajas" project, with further details yet to be revealed.
(1 US dollar = 5.7587 Brazilian reais)