Centaurus to start low-cost production from Brazilian iron ore project in April

Australia-based iron ore company Centaurus Metals Limited has announced that it has completed the feasibility study at its Candonga direct shipping ore project in southeastern Brazil, confirming low-cost iron ore operations from the project.
 
According to the company's feasibility report, the first production from the Candonga project is expected in April 2015, following the end of the 2014/2015 wet season in southeastern Brazil. Centaurus stated that both the environmental and mining approvals processes are well advanced and on schedule, with final approvals for mining expected by the first quarter of next year.
 
The company also announced a maiden ore reserve of 1.2 million metric tons at an average grade of 60.5 percent iron from the Candonga project.