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2 clusters · 7 sources · 5 days · First seen · Last updated

Mining industry expansion in Brazil

Overview

Mining companies in Brazil are pursuing significant operational expansions. Cedro Participações secured environmental licenses from the State Council for Environmental Policy (Copam) to expand iron ore operations in Mariana, Minas Gerais. This R$ 3.5 billion project intends to increase raw ore processing capacity from 2.5 million to 10 million tons per year, targeting markets in Europe and the Middle East.

In a separate development, Belmont Mineração Ltda. is seeking approval to expand the Oliveira Castro – Esmeralda mine in Itabira. The proposal includes both open-pit and underground mining to increase raw ore production and ore treatment capacity. As part of this request, the company has proposed environmental compensation measures, including a commitment to pay R$ 630,000 toward the revitalization of the Água Santa Municipal Natural Park.

Entities

Copam · Mariana · Cedro Participações · José Carlos Martins · Mineradora Monte Carlo

Timeline

  1. [BUSINESS] 3 sources
    Belmont Mineração seeks to expand Itabira mine

    Belmont Mineração Ltda. seeks to expand its Oliveira Castro – Esmeralda mine in Itabira, proposing increased production capacities and R$ 900,000 in total environmental compensation for local park revitalizaton

  2. [BUSINESS] 4 sources
    Cedro Participações secures R$ 3.5 billion mining expansion in Mariana

    Cedro Participações secured licenses for a R$ 3.5 billion iron ore expansion in Mariana, Brazil, aiming to increase processing capacity to 10 million tons annually and create over 1,000 jobs.

Sources

defatoonline.com.br · igmais.ig.com.br · jornalpanfletus.com.br · maisminas.org · moonbh.com.br · noticiascg.com.br · sitebarra.com.br