Brazilian mining giant Vale says its S11D iron mine is on track for a January 2017 start.

The update comes as Brazilian regulators issued an operating license to the mine last week. The $14.3bn project, Vale's largest ever, will be able to process 90 million metric tonnes per year of iron ore across three production lines.

The project includes expanding the Ponta da Madeira marine terminal in Sao Luis in the northern Brazilian state of Maranhao.