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Vale SA (NYSE:VALE) cut the ribbon on a massive iron ore mine in Brazil on Saturday – the largest in its history and what the world's largest iron ore producer says is the biggest ever in the mining industry. While that is quite a claim, delving into the details of the $14.3-billion S11D complex shows that Vale is most likely correct.
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This is because it can cost very little to mine certain resources, which will sell for lots of money. There are certain things that are in high-demand and will easily sell for a lot of cash. All you have to do is mine them and sell to those that need them. Stuff like gold and iron ore are easy to mine and will sell for big money.
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