BAMIN, the wholly-owned Brazil-based subsidiary of Eurasian Resources Group, has signed an agreement with Anglo American that guarantees the acquisition of the full export volumes of BAMIN’s Pedra de Ferro mine for 2023.
The Pedra de Ferro open-pit iron ore mine, in the city of Caetite, State of Bahia, has been in production since late 2020, supplying both domestic and export markets with direct shipping ore. In 2022, this averaged 65.5-66% Fe direct shipping ore fines. Pedra de Ferro has a current production capacity of up to 1 Mt/y.
With this latest agreement with Anglo American, the miner will exclusively purchase all of BAMIN’s export iron ore for the year of 2023.
Benedikt Sobotka, CEO of Eurasian Resources Group, said: “The signing of this contract builds on previous sales agreements between Anglo American and BAMIN for standalone exports and once again demonstrates BAMIN’s position as a high-quality supplier of iron ore. We look forward to having a successful relationship with Anglo American.”