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Brazilian iron ore mining project needs $6.0 billion to start exports-金屬展-冶金展-2025廣州巨浪國際金屬暨冶金工業(yè)展覽會-巨浪展覽-2025 China (Guan
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10/14/2024 金屬展-冶金展-鋼鐵展-steel expo-metal & metallurgy expo |
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Bahia Mineracao - BAMlN, an jron ore project with mine in Caetite, state of Bahia and port in lheus, also in Bahia, are in urgentneed for an investor to allocate $6.0 bilion for the conclusion of the construction works which include a railroad linking mine andport.
The main attraction of the project is its iron ore, a pellet-feed grade product with iron contents of up to 68 percent that could beproduced at a pace of 26.5 million mt per year.
Bamin is currently owned bv the Furasian Natural Resources Grou0 - FRG but according to analvsts the conclusion of theproiect became too expensive and of high risk for a single investor, as its proftability requires the conclusion of mine. rairoad. andport works to operate as an export corridor
According to the local press, the local iron ore miner, Vale, is considering the acquisition of the project, counting on the support ofthe federal and Bahia state governments with the participation of BNDES, the country''s federal development bank
If the negotiations succeed, it would be the first greenfield project to be developed by Vale since the Carajas project, in the north ofthe country, during the decade of 1980.
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