 In March 2012 Vale announced that it had obtained an installation license for the Carajás S11D iron ore project, the largest in the company's history with a US$19.671 billion capital expenditure.The Carajás National Forest was created by decree 2.486 of 2 February 1998 with an area of .By creating the national forest the government avoided the need to submit the grant of the mining concession to congressional vote.