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Bamin inks MoU to develop Brazil based iron ore project
Diversified resources producer Eurasian Resources Group s ERG s wholly owned Brazilian subsidiary Bahia Mineração Bamin has signed a memorandum of understanding MoU with the Brazil state of Bahia and a consortium of Chinese companies to develop a $ billion integrated mining and logistics project in Brazil The project includes Bamin s Pedra de Ferro iron ore
Vale Starts the S11D Iron Ore Project
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Iron ore miner valuations recover with material prices This year s 28% rally in iron ore prices delays to several supply projects and a recovery in Chinese demand have led to higher valuation multiples for iron ore miners
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The S11D mine and beneficiation plant are located in Canaã dos Carajás Pará The plant has three production lines each capable of processing 30 million mt/y of iron ore at an average grade of % iron The mine is based on a truckless system of excavators and mobile crushers that feed ore to conveyor belts for transport to the
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Anglo American iron ore pipeline suffers second rupture
an Anglo American Brasil pipeline rupture spilled 318 tons of iron ore iron mine part of the Minas Rio Project iron ore spill in Minas Gerais state Brazil