The Carajás iron ore mine, owned by Vale in Brazil, is one of the largest iron ore mines in the world, with over 7.2 billion metric tonnes of proven and probable reserves. The mine has significantly contributed to Brazil's economy and global iron ore supply, producing a record 109.8 million metric tonnes in 2011. Future developments, including the S11D iron project, aim to further expand production capacity and sustain Brazil's position in the global iron market.