Australia-based
iron ore company
Centaurus Metals Limited has announced that it has secured the key installation license for its Jambreiro
iron ore project in southeast Brazil, clearing the way for on-site construction to proceed.
With the installation license, Centaurus is in a position to begin on-site construction. Initial development work is already underway and actual site works are planned to begin at the end of this month.
The license approval provides Centaurus with the ability to operate at a production rate of 3 million mt per year of final saleable product, though the company initially intends to commence operations at a rate of 2 million mt per year.