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2 clusters · 2 sources · 26 days · First seen · Last updated

Mining investments in Minas Gerais

Overview

Mining companies in Minas Gerais, Brazil, have announced significant investments in regional production and infrastructure.

Cedro Mineração announced a R$3.5 billion investment to expand its low-emission ‘green’ iron ore production. The project aims to increase annual capacity from 3 million tonnes to over 20 million tonnes by 2032. The expansion utilizes a method to recover fine particles without the use of tailings dams, which is projected to reduce CO2 emissions by up to 50%.

Meteoric Resources has committed R$60 million to infrastructure projects in southern Minas Gerais in partnership with state and local government agencies. This investment focuses on paving 23 kilometers of road to support the company’s Project Caldeira rare earths operations, while also aiming to benefit local tourism and agribusiness through improved regional mobility.

Entities

Brazil · Cedro Mineração · Invest Minas · Government of Minas Gerais · Caldas

Timeline

  1. 17 days ago

    [BUSINESS] 2 sources
    Meteoric Resources announces R$ 60 million infrastructure investment in Minas Gerais

    Meteoric Resources and Minas Gerais government agencies will invest R$ 60 million to pave 23 kilometers of road between Caldas and Andradas to support mining, agribusiness, and tourism.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Cedro Mineração invests R$3.5 bn in green iron ore project in Minas Gerais

    Cedro Mineração will spend R$3.5 bn to expand green iron‑ore production in Minas Gerais, targeting over 20 Mt/yr by 2032 and supporting low‑carbon steelmaking.

Sources

clarim.net.br · regionalzao.com.br