Anglo American Brazil investing over $803 million in Minas Gerais state

Wednesday, 10 November 2021 20:49:54 (GMT+3)   |   Sao Paulo
       

Anglo American Brazil, which owns the Minas-Rio iron ore project, plans to invest BRL 4.4 billion ($803.6 million) in Minas Gerais state, the company said in an announcement made during the COP26 conference in Glasgow, Scotland this week.

Anglo American Brazil said the investment will be carried out by 2025 and will support the operational continuity of its Minas-Rio iron ore project in Minas Gerais state. The investment should cover technology improvements, construction and works for an eventual expansion in the site.

The Minas-Rio project comprises a 529­km­long (328­mile­long) pellet feed-transporting slurry pipeline project. Anglo American Brazil expects the mine to reach a capacity of 26.5 million mt by 2022.


Similar articles

Daily iron ore prices CFR China - March 18, 2024

18 Mar | Scrap & Raw Materials

Turkey’s iron ore imports down 18.7 percent in January

18 Mar | Steel News

Major steel and raw material futures prices in China – March 18, 2024 

18 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 15, 2024

15 Mar | Longs and Billet

Brazilian high-grade iron ore price declines sharply in three days

15 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 15, 2024

15 Mar | Scrap & Raw Materials

Iron ore prices below $105/mt CFR amid falling futures, poor demand

14 Mar | Scrap & Raw Materials

Australia’s Centaurus Metals explores potential for DR pellet feed from Jambreiro

14 Mar | Steel News

Major steel and raw material futures prices in China - March 14, 2024

14 Mar | Longs and Billet

Daily iron ore prices CFR China - March 13, 2024

13 Mar | Scrap & Raw Materials