Minas-Rio

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Minas-Rio is an iron ore mining project in Brazil.[1] It is one of the world's largest mining projects, and is initially expected to export 26.5 million tonnes of iron ore in 2013, through a 525 km slurry pipeline to a port at Açu;[2] production potential is 53 Mtpa or higher.[3]

The project was bought by Anglo American PLC, which is facing high costs.[4][5] The mine has certified reserves of 4.6 billion tonnes of itabirite.[6]

There have been delays in starting the project, but in December 2010, Anglo American obtained a key license needed from Brazilian government before mining could start.[7][8]

The mine began operating and shipping ore in 2014.[9]

See also[edit]

References[edit]

  1. ^ "MINAS RIO GHOST REFUSES TO GO AWAY". miningweekly.com. 2010-12-12. Retrieved 2010-12-12. 
  2. ^ "Project Profiles, Minas-Rio". bnamericas.com. 2010-12-12. Retrieved 2010-12-12. 
  3. ^ "Anglo Ferrous Metals – Minas Rio Project" (PDF). investis.com. 2009-10-07. Retrieved 2010-12-12. 
  4. ^ "Minas Rio - The Source - WSJ". The Wall Street Journal. 2010-12-12. Retrieved 2010-12-12. 
  5. ^ "Minas Rio costs soar to $4.5bn". 2010-12-12. Retrieved 2010-12-12. 
  6. ^ "Anglo Ferrous Metals – Minas Rio Project" (PDF). investis.com. 2009-10-07. Retrieved 2010-12-12. 
  7. ^ "Anglo Gets Key Permit for Minas Rio Iron-Ore Site, Allowing Building Work - Bloomberg". 2010-12-12. Retrieved 2010-12-12. 
  8. ^ "Anglo to start building Brazil mine, gets licence". Reuters. 2010-12-12. Retrieved 2010-12-12. 
  9. ^ Kayakiran, Firat (2014-10-29). "Anglo's Minas-Rio to Lift Ebitda by $560 Million, Bernstein Says". Bloomberg. Retrieved 2015-12-09.