Bamin commences iron ore output at its Pedra de Ferro mine

Wednesday, 03 February 2021 21:11:42 (GMT+3)   |   Sao Paulo

Brazilian mining company Bamin announced that it has commenced iron ore output at its Pedra de Ferro mine. Bamin said it expects to produce 1 million mt of iron ore in 2021 out the mine, which has an iron ore capacity of 2 million mt/year.

A media report by Reuters said the company plans to invest BRL 4 billion over the next five years ($746.5 million) to expand iron ore capacity.

With the investment, the company expects to reach a capacity of 18 million mt/year. The company is producing 65 percent Fe content iron ore.

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