The Brazilian transport and mining company Vale is to invest $150 million in modernizing and increasing capacity of its southern ports, which is a hub formed by Terminal da Ilha Guaíba (TIG) and also by the mining terminal the company has at Companhia Portuária Baía de Sepetiba, both of which are located on Rio de Janeiro's Costa Verde.

TIG, which is considered the third major loading terminal for iron ore in Brazil, is to have a replacement wagon dumper and upgrades undertaken on the 1.7km railway bridge connecting the land with the loading pier, which will allow it to receive higher capacity block trains. The terminal covers an area of 515,000m2 and can handle up to 45mt per year, although handled just 39.8 million tonnes in 2013