Tag Archives: Brazil

Ausenco receives engineering gig with Bemisa Holding at Água Azul

Bemisa Holding SA has awarded Ausenco the Conceptual and Basic Engineering for the second phase of the Água Azul gold project in Pará, Brazil, the mine engineering and consultancy company says.

Applying its cost-effective design approach and extensive gold project experience in the country, Ausenco says it will design a 1.5 Mt/y gold processing facility.

Água Azul is in the southeast of Pará, close to the polymetallic district of Carajás, according to Bemisa, which said drilling surveys to define resources and reserves are in progress, together with bench tests and pilot scale tests.

Metso Outotec gears up for next generation of mining IPCC applications

A significant product launch in the in-pit crushing and conveying (IPCC) space was announced in parallel with the headline-grabbing co-operation agreement signed by Metso Outotec and FAM GmbH in June.

On the same day the two companies shook hands on a global non-exclusive pact to deliver integrated end-to-end solutions for IPCC and tailings management plants in mining, Metso Outotec, in a separate announcement, highlighted its Foresight™ semi-mobile primary gyratory (SMPG) station.

The SMPG station, which features the Superior™ MKIII primary gyratory crusher and patented SmartStation technology for “optimal processing”, is arguably the piece of the IPCC puzzle Metso Outotec has been missing.

Lokotrack® crushing plants have a solid reputation but only have capacities up to 3,000 t/h – one of the larger installations being a Lokotrack L200 at the Altay Polimetally copper operation in Kazakhstan. Such capacities work for most fully mobile IPCC installations, which tend to come with the highest complexity and are, therefore, a rare proposition, but semi-mobile hard-rock installations normally call for a much higher throughput.

This is where the SMPG station, with a maximum 15,000 t/h throughput capacity when equipped with the Superior MKIII PG 60110 primary gyratory crusher, fits the bill.

This station, when equipped with SmartStation technology, allows automated material size control and reduced wear, downtime and plant height, according to the company. It is also advertised as offering an up to 30% higher capacity on the same crusher size and 70% reduced downtime with the Superior MKIII primary gyratory technology, plus up to 30% power savings with patented Energy Saving Idlers. Maintainability is also boosted through improved crusher access and plant area isolation.

The station was included as part of an integrated IPCC solution launch from Metso Outotec that consists of crushing, conveying and stacking equipment, combined with IPCC planning and lifecycle services.

Leif Berndt, Director, IPCC at Metso Outotec, acknowledged that the SMPG is the core addition to this refreshed IPCC portfolio, but believes the company has already displayed its IPCC expertise in “a number” of large capacity (20,000 t/h) crushing and conveying system deployments in iron ore and copper applications in South America. It also recently sold a Foresight SMPG equipped with a MKIII 60110 primary gyratory to Codelco for its Radomiro Tomic operation, in Chile.

“In terms of crushing and conveying, we have carried out these building blocks to the same large capacities as others that call themselves the incumbents in this market,” he told IM. “With the new and experienced planning team we have in our Düsseldorf facility, we now have the in-pit development around those solutions to prove this.”

Metso Outotec recently sold a Foresight SMPG equipped with a MKIII 60110 primary gyratory to Codelco for its Radomiro Tomic operation, in Chile

He expanded on the topic when discussing the ability to address the higher capacity IPCC segment with the SMPG: “It is one thing to look at it from the instantaneous, hourly, or shift throughput perspective; it is another thing to look at it from the design of the whole system, the plant and the mine planning to come to the customer with a workable solution that will produce, over the year, the tonnes required.

“You then need to sustain those numbers by having the right planning, system and service to sustain the crusher’s performance.

“That is where the true success for the customer is.”

Berndt says the company has all this in its offering, asserting that Metso Outotec should be considered a leading market player in the IPCC sector.

“It is quite simple: we are the number one in large capacity primary gyratory crushers; we are also the number one in service,” he said. “That covers, with technology and services, two very important aspects for a successful IPCC operation.

“We now have a very experienced IPCC team in Düsseldorf, and we are leveraging the engineering and product development group in Sorocaba, Brazil, to be closer to the markets east of the Atlantic. With that, we have the right team for planning, engineering and project delivery, the right technologies and services driving availability and, hence, productivity.”

That is even before mentioning the tie-up with FAM, which will allow Metso Outotec to play a significant role in end-to-end solutions across the IPCC space thanks to the inclusion of FAM spreaders and crawler-mounted conveyor bridges for waste IPCC applications and dry stacking of tailings.

Such a collaboration shouldn’t surprise anyone in this space.

Metso Outotec has been open – and remains open – to partnering with other OEMs for IPCC systems, evidenced by an agreement with Komatsu that sees Komatsu sizers fitted on Lokotrack systems for soft-rock applications.

“Technologies that are delivering advancements in sustainability, productivity and maintainability that are complementary to our offering, which we don’t own ourselves, are always interesting to us,” Berndt said.

Ready at the right time

Metso Outotec appears to have got its ducks in a row at exactly the right time as, with a strong environmental tailwind behind it, the IPCC market is on the up.

The need to electrify operations and reduce reliance on fossil fuels in line with ambitious decarbonisation targets is leading more and more miners to considering an element of in-pit work at their operations.

Greenfield mines are working on tradeoffs in the study phase to pit conventional truck and shovel against the use of more conveyors and in-pit crushing equipment, while brownfield operations are getting the mine models out again to see if an element of the operation can be reconfigured to make the most of fixed, semi-mobile or fully-mobile IPCC systems.

Berndt said many clients decide to go for modularised, configurable and semi-mobile solutions for ease of construction and assembly away from the run-of-mine (ROM) pad to improve scheduling. Such a configuration could allow parallel development of, for instance, crusher pocket development and the ROM pad.

Also, when it comes to a greenfield project, the cost to “buy yourself the option of relocating the plant”, when compared with the capital associated with installing a stationary plant, is, on many occasions, “insignificant”, according to Berndt.

“As a result, customers decide to ‘buy’ that option and, when the pit develops in the future, relocate the plant,” he said. “That, in itself, is a strong driver in the IPCC market.”

The tie-up with FAM will allow Metso Outotec to play a significant role in end-to-end solutions across the IPCC space thanks to the inclusion of FAM spreaders and crawler-mounted conveyor bridges (pictured, courtesy of FAM) for waste IPCC applications and dry stacking of tailings

Adapting existing hard-rock operations designed for truck and shovel operations by incorporating large capacity semi-mobile IPCC systems with crushing plant locations inside the pit remains a complex task from a planning perspective, but Berndt has seen an increase in interest in this option too.

There are mine engineering professionals in the Metso Outotec Düsseldorf office that have specific experience of adapting operations for IPCC solutions, he said.

“However, that being said, we all know conveyors don’t have wheels, and the cost of deploying or redeploying these conveyors requires pit ramp developments or pit pushbacks earlier in the mine process and, hence, earlier cash-out on overburden compared to a truck shovel development.”

The economic tradeoff that has led to such developments is starting to change in favour of IPCC solutions.

“In the mine investment decision and methodology selection, the net present value impact of ‘early overburden’, or pulling forward the push-back phases in conical pits to advance ramps for conveyor access, was formerly only offset against the lower production cost, which drove the payback point to a 150-200 m vertical lift component level,” Berndt said. “Carbon credits for energy saved against early cash-out will shift this payback point upward, increasing demand for IPCC solutions.”

Which is why Metso Outotec’s reinvigorated IPCC pursuit is considered timely.

More and more mining companies are becoming comfortable with carbon accounting and factoring it into project studies – whether these studies are distributed internally or externally. They are cognisant of the fact it may be a voluntary addition in the Excel spreadsheet formula today, but, in the years ahead, it will become a requirement of doing business.

“Metso Outotec, for example, has sustainability targets included in its recent renewal of a financial instrument,” Berndt said. “Access to funding and the cost, thereof, will increasingly depend exactly on that.”

Yet, this doesn’t spell the end of truck and shovel in the IPCC mining operations Metso Outotec is likely to serve, according to Berndt.

He sees an electrified future where the two elements will play happily together in the pit.

“You need the flexibility of trucks, whether that be from a hydrogen-, battery- or trolley-powered source at some point in time, to allow for the required selectivity and blending in the pit,” he said. “Given that the deployment of conveyors is limited by very short phases and the space/geometry of a typical hard-rock mine, it is not simply a convey or truck situation; it is a matter of using truck and convey to find the best interface.

“Obviously, the more you can take out of the vertical lift component by conveyors, the better, but, in the context of a majority horizontal haul, trucks are likely to be a lot more efficient.

“The developments now happening are the truck interfacing or delivering onto the conveyors in the pit and the ability to make that a more flexible process.”

Armed with Lokotrack solutions for a fully mobile IPCC solution, its family of FIT™ and Foresight™ modular crushing stations, the new SMPG, and a strong planning, engineering and service offering, Metso Outotec says it has all the necessary elements to deliver the mining sector’s next generation of IPCC systems.

Minery to use Minespider blockchain platform for commodity trading traceability

Minery, a Brazil-based mineral commodity trading marketplace, is adding digital traceability to its platform using Minespider’s blockchain platform.

The integration offers additional assurance about the provenance of the minerals for sale and the immutability of the data, as well as ensuring that trades are secure, Minespider says.

Minery’s goal is to overhaul an inefficient mineral trading system with a completely digital marketplace.

Minespider explained: “Due to the opaque nature of global supply chains, traders often buy and sell minerals at substantial premiums and negotiations can take up to six months. Minery’s platform has the potential to greatly reduce these fees and improve liquidity for mines, who can expect a more consistent cash flow.”

Minery’s Co-founder & CEO, Eduardo Gama, said: “We are very excited about Minery’s partnership with Minespider. We believe that traceability is part of the future we are building, adding value to miners who work sustainably, respecting the environment and the people involved. With Minespider’s blockchain technology and Minery’s certification process, everyone will be able to know where their everyday metals came from and under what conditions they were produced.”

Founded in Brazil, a country over 9,415 active mines, Minery aims to promote small and medium-sized mining companies by helping them to sell more effectively on the global market. It has developed Certimine, a certification that ensures all mines comply with international standards.

The use of protective equipment, lack of environmental contamination, machinery and permits are just a few of the factors that registered Minery technicians verify on-site as part of the certification process. In this way, every mineral producer featured on Minery will be certified and every buyer can track the origin of their minerals, and the conditions under which they were produced.

Minery has three mines currently certified and hopes to certify five more in the next two-to-three-months, a spokesperson told IM.

Minespider, meanwhile, has built a public, permissioned blockchain specially designed for raw material traceability. Its clients, including Minsur and LuNa Smelter, create blockchain-secured digital IDs called digital Product Passports to track their material shipments downstream. These passports contain information such as provenance data, due diligence documents and carbon emissions data.

Beyond this, companies can utilise Minespider’s API to build on top of the Minespider blockchain.

“This means marketplaces like Minery benefit from the security, immutability and transparency of a blockchain, without having to build their own or have any blockchain development knowledge,” Minespider said. “This enables companies to add blockchain records to existing software applications or business processes, and design completely new business models.”

Minespider Founder and CEO, Nathan Williams, said: “Marketplaces, traders and exchanges are realising their value to global supply chains is far greater than arbitrage. They play a pivotal role in handling, distribution, market making, and now traceability and responsible sourcing. We’re pleased to announce this integration with Minery as the start of a wave of blockchain traceability adoption by the mid-tier of the supply chain.”

ERG’s BAMIN signs pact with Brazil Government to complete and operate FIOL railway

Eurasian Resources Group (ERG) says its wholly-owned Brazilian subsidiary, BAMIN, has signed a concession agreement with the Brazilian Federal Government to complete and operate a section of the FIOL (East-West Integration) railway in the country.

BAMIN will advance the construction works, which until recently were carried out by the state-owned railway engineering and construction company Valec.

The sub-concession has been granted for a 35-year period, which includes an allowance of five years for the construction of the railway and 30 years for its operation. BAMIN’s investment into the railroad and the rolling stock will amount to around BRL3.3 billion ($683 million).

In April 2021, BAMIN won the auction on the B3 (São Paulo Stock Exchange) to complete and operate the first 537 km stretch of the FIOL. The concession agreement has now granted BAMIN 120 days to evaluate the progress of the construction and other related works. This preliminary phase precedes the preparation of a plan to resume the construction, which is scheduled for the second half of 2022.

Tarcio Gomes de Freitas, Minister of Infrastructure of Brazil, said: “The importance of this infrastructure project in the state of Bahia cannot be overstated. The project is very well structured and includes an iron ore plant, a railway and a seaport. The railway, which is undergoing construction, will serve the mining industry, as well as the agricultural sector, which is growing at an unprecedented pace, particularly in the west.”

BAMIN has already hired professionals in the rail industry to oversee the management of the FIOL railway. BAMIN will also leverage ERG’s international expertise as the largest transport operator in Central Asia with extensive experience in rail transportation, ERG says. Each year, ERG transports over 50 Mt of freight using 10,000 vehicles, while also maintaining and repairing 2,500 wagons and over 1,000 locomotives.

Benedikt Sobotka, CEO of Eurasian Resources Group, said: “All across the globe, railways play a crucial role in urban development, enabling people to gain access to new opportunities. In Brazil, we are confident that FIOL will act as an important connecting point between regions, cities and people, contributing to economic growth, and creating a strong link between the west and the east of the country. The logistics and exportation corridor that BAMIN will create will transport millions of tonnes of iron ore, agricultural products, as well as other goods.”

With the resumption of construction, the project is expected to boost the country’s economic growth at both the federal and the local level: FIOL will strengthen the rail network across 20 municipalities in Brazil, while also boosting foreign trade, ERG says.

BAMIN plans to install over 30 loading stations along the route, creating opportunities for regional producers, enhancing production chains, and helping establish new businesses.

Once completed, FIOL will be able to carry 60 Mt/y of freight, with BAMIN’s products accounting for a third of this capacity. More than 40 Mt of cargo will be made available for other businesses in both the mining and agricultural sector, as well as other industries in the Bahia region.

ERG said: “The importance of the FIOL railway cannot be overstated, as the railway will be part of an integrated logistics project that will connect the Pedra de Ferro mine in Caetité with the Porto Sul, currently under construction in Ilhéus, Bahia. Following the commencement of commercial operations in January 2021, the Pedra de Ferro Mine is expected to produce 1 Mt by the end of this year. Once the South Port and FIOL are completed (expected in 2026), the mine should produce 18 Mt of iron ore per year.”

Eduardo Ledsham, CEO of BAMIN, said: “The Pedra de Ferro mine, Porto Sul, and FIOL projects are an important milestone for the country’s economic development, and a source of pride for the Bahia State and all Brazilians. We are creating a new logistics corridor to integrate the west with the east of Brazil, creating a new, important exportation pathway.

“The state of Bahia will occupy a new and important place in the national economy, becoming the third largest iron ore producer in the country, generating wealth and prosperity, while also increasing the population’s income and improving the quality of life.”

GroundProbe offers Brazilian customers dedicated geotechnical monitoring option

GroundProbe has opened a dedicated Geotechnical Support Service (GSS) monitoring centre in Belo Horizonte, Brazil, to, it says, better serve its growing customer base in the country.

The centre will provide 24/7 real-time remote radar and laser monitoring services for mine slopes and tailings dams.

The centre joins GroundProbe’s two existing high-tech monitoring centres in Santiago, Chile, and Balikpapan, Indonesia, to provide support in four languages – Portuguese, Spanish, English and Bahasa.

Monitoring live stability data and reacting to alarms to ensure the maximum safety of people and communities, the centre connects remote sites with geotechnical industry experts in real time, GroundProbe says. The centres are crewed by more than 100 highly experienced engineers and radar operators with extensive radar knowledge and experience.

GroundProbe, a wholly-owned subsidiary of Orica, is widely accepted as a global leader in real-time technologies used to detect instabilities and predict when mine and dam collapses will occur.

GroundProbe CEO, David Noon, said that the company had witnessed a huge increase in demand for remote geotechnical expertise in Brazil.

“We saw it as an absolute necessity to bolster our offering and extend our support services to the region,” he said.

“The state-of-the-art centre provides the most technologically advanced solution for remote monitoring in the region and shows our level of commitment to our customers there.

“It leans on our five-and-a-half years of remote monitoring experience, our recognised systems and processes and our established resourcing model, all of which ensures the highest level of data integrity and service availability.”

GroundProbe Head of Geotechnical, Peter Saunders, explained how the service’s positive results and statistics speak for themselves.

“Together, our GSS team have detected and provided early notification to site of 1,440 slope failures, validated 3,615 alarms and managed 44,608 unwanted alarms,” Saunders said.

“GroundProbe also has the world’s largest library of wall folders. Our experts have unprecedented access to this data, gaining a unique perspective on geotechnical monitoring borne from analysing thousands of slope failures and assisting with numerous incident investigations.”

This newest monitoring centre in Belo Horizonte will provide the same services to customers, including: GSS-Remote, GroundProbe’s 24-hour remote monitoring solution; GSS-Training, its specialised SSR and laser training service; and GSS-Reporting, the company’s customised analysis and reporting service.

Sandvik’s i-series truck set to start work at OZ Minerals’ Pedra Branca

Sandvik has recently delivered its first i-series truck to Brazil, with the 45-t payload TH545i heading to OZ Minerals Brazil’s Pedra Branca copper mine in Pará in the northern part of the country.

The model has automation features that bring more productivity and safety to the operation, according to Sandvik. Compared to its predecessor, the Sandvik TH540, the truck offers a significant capacity increase by carrying 5 t more. The truck’s standard engine power, meanwhile, increased to 450 kW, from 405 kW, to maintain the same speed with the increased payload.

Other equipment will be delivered to the Pedra Branca mine over the next few months, with, in all, five different models of drilling, loading and transport equipment making up the “modern and complete fleet”, Sandvik said.

The new fleet additions are all part of OZ Minerals’ ramp-up efforts at the underground mine, which is targeting increased mining from ore stopes from the June quarter onwards.

Equinox Gold and U&M start mining at Santa Luz in Brazil

Equinox Gold Corp says mining activities are underway at its new Santa Luz gold mine in Brazil, with commissioning on track for the December quarter ahead of first gold pour in the March quarter of 2022.

The company expects to produce 110,000 oz/y of gold for the first five years of operations.

The mining contractor, U&M Mineração e Construção S/A, mobilised to site in May and mining commenced in mid-June. Mining activities are currently focused on removing waste from two locations and developing access roads, ramps, dumps and ore storage areas in preparation for a pre-stripping campaign prior to mining ore in late 2021. To make room for mine expansion, U&M is also relocating an existing ore stockpile with an average grade of 0.9 g/t Au, which will be used for commissioning activities in the December quarter.

Construction is on schedule and on budget, with approximately $31 million of the $103 million construction budget spent and $70 million committed at the end of June 2021.

As a brownfield past-producing mine, the majority of site services and infrastructure is already in place at Santa Luz, Equinox said. Restart activities are focused on refurbishing existing infrastructure, retrofitting the plant to incorporate resin-in-leach processing, installation of additional grinding infrastructure and increasing the storage capacities of the existing tailings and water storage facilities. A significant construction milestone was achieved on June 25 with installation of the first segment of the ball mill.

Construction highlights include:

  • Overall project is 41% complete;
  • Engineering and procurement activities are 96% complete;
  • Plant construction and refurbishment is 46% complete;
  • Refurbishment of existing SAG mill is progressing well;
  • Primary grinding is 75% complete;
  • Secondary grinding is 52% complete: concrete foundations and pedestals for the new ball mill are 100% complete, ball mill installation is underway;
  • Pre-conditioning, leach and detoxification circuit is 46% complete: concrete bases are complete, steel structures are being pre-assembled and tank installation is underway, with four tanks out of 10 fully erected and four more partially erected;
  • Earthworks for primary crushing area are underway;
  • Electrical and substation upgrades are 90% complete;
  • Electrowinning cells have been installed in the gold room;
  • Completion of refurbishment of existing plant areas is scheduled for the September quarter; and
  • Tailings and water storage facility expansions are underway with completion targeted for the December quarter.

Sigma hires Promon for Grota do Cirilo lithium project design and construction

Sigma Lithium Resources Corp has appointed Promon Engenharia Ltda of Sao Paulo, Brazil, for the design and construction of Phase 1 of its Grota do Cirilo hard-rock lithium project in the country.

Promon joins Primero Group of Australia as Sigma’s international engineering team for construction of the project.

The announcement came at the same time as Sigma confirmed it had initiated significant earthworks activities at the project, breaking ground with topsoil removal, clearing and grubbing in the site area (plant and mine). These activities followed completion of the geotechnical assessment for the civil engineering and evaluation of impact on the foundation design and earthwork quantities for construction of the foundation for the production plant for Phase 1 of the project. This phase is designed to allow for expansion design features incorporating a future second production line.

Sigma said it continued to advance detailed engineering activities with Promon, which now joins Primero to provide technical and engineering services to Sigma in the construction of the project.

Sigma said Promon was selected for its substantial experience in the advanced metallurgical and chemical industries and for its detailed and focused engineering process. Its portfolio of large-scale projects include: processing and mining plants, oil refineries, petrochemical plants, maritime terminals, hydroelectric, thermal and nuclear power plants, power transmission systems, steel mills, automotive and aeronautical manufacturing plants and commercial buildings.

Primero, meanwhile, is one of the few engineering firms with direct experience in lithium plant construction commissioning and operations as a result of its work in several successful producing projects in Australia, including the previous experience of its personnel at the Talison Greenbushes mine, Sigma said.

“Primero perfected the technology for automating and digitally controlling dense media separation in lithium processing facilities,” it added. “Together with the company, Primero has developed the ‘green’ circuits for the processing flowsheet for the commercial production plant for the project, including the water recycling and dry stacking.”

Initial production of 220,000 t/y of “high purity lithium concentrate” is on track for the September quarter of 2022, it said.

Earlier in the month, the company published results from a preliminary economic assessment for phase two production, which estimated Production could increase from 220,000 t/y (33,000 t of lithium carbonate equivalent) planned for 2022 in Phase 1, to 440,000 t/y (66,000 t of LCE), within approximately one year. This would involve the addition of a second dense media separation line within its plant.

MVV, Appian hit construction milestone at Serrote copper-gold mine

Mineração Vale Verde Ltda and Appian Capital Advisory have finalised construction of the Serrote copper-gold mine and processing plant in Alagoas, Brazil, ahead of schedule and under budget.

Construction was concluded safely, while managing the challenges posed by the global COVID-19 pandemic, the companies reported.

The focus is now on the transition to steady-state operations and the ramp-up over the second half of 2021, with operational readiness workstreams, employee training programs and risk management workshops well advanced, MVV said. MVV’s first shipment of concentrate is targeted for November 2021.

This follows the announcement in February that MVV had secured a $140 million project finance debt facility, the largest independent greenfield mining project finance transaction announced since the beginning of 2020 and the onset of COVID-19, according to the company.

MVV will produce a high grade bornite-chalcopyrite copper concentrate, with gold and silver by-product credits. The company expects the high-grade nature of the concentrate to yield a premium in the market, while lowering the downstream transport costs and carbon footprint compared with typical copper concentrates.

Serrote will produce an average of approximately 22,000 t/y of copper equivalent over an initial 14-year mine life from a low-strip, open-pit mine supplying a 4.1 Mt/y processing plant. This initial life of mine will exploit a mineral reserve of 52.7 Mt grading 0.6% Cu and 0.1 g/t Au.

MVV says it is working towards unlocking substantial value upside through definition of an expansion plan into the larger 108.9 Mt measured and indicated resource at Serrote, as well as developing plans to generate value through the known oxide resource and nearby satellite deposits which are currently being drilled and expanded.

Paulo Castellari, CEO MVV & Appian Brazil, said: “Concluding construction in line with schedule and below budget once again demonstrates the success of Appian’s business model, and I am particularly proud of our leading safety record and ability to exceed expectations despite the pandemic.

“In Serrote we have a high-quality asset with low production costs, a long mine-life and significant upside from potential further expansion. Copper remains an incredibly attractive commodity and MVV is ideally placed to benefit from the growing global focus on electrification and decarbonisation.”

Fortescue Future Industries plots path for 300 MW green hydrogen plant in Brazil

Fortescue Future Industries (FFI), a wholly owned subsidiary of Fortescue Metals Group, and Porto do Açu Operações SA (Port of Açu), a subsidiary of Prumo Logistica SA, have signed a memorandum of understanding (MoU) to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro, Brazil.

Signed in late February, the MoU will allow for FFI and Port of Açu to conduct development studies into the feasibility of installing a green hydrogen plant at Port of Açu, Latin America’s largest privately owned deep-water port-industrial complex, FFI said.

Subject to the outcome of the studies, the project envisages construction of a 300 MW capacity green hydrogen plant at Port of Açu, with potential to produce 250,000 t/y of green ammonia.

The availability of green hydrogen and renewable power is expected to drive further sustainable industrialisation of the port, including production of green steel, fertilisers, chemicals, fuels and other sustainably manufactured industrial products, according to FFI. Anglo American already uses the port for exporting its iron ore from Minas-Rio.

The MoU also lays the groundwork for on-site solar power development projects, as well as off-shore wind development projects in the states of Rio de Janeiro and Espirito Santo.

FFI Chief Executive Officer, Julie Shuttleworth, said: “FFI is assessing renewable energy and green hydrogen opportunities globally and will lead and drive the green energy and product industry as we transition away from fossil fuels.

“I am excited to announce this MoU with Port of Açu. The opportunity to establish totally new and future large-scale industries will drive growth in the Brazilian economy. We expect the potential for new green industries at Port of Açu to substantially diversify, broaden and deepen Brazil’s already skilled workforce.”

Jose Firmo, Chief Executive Officer of the Port of Açu, said: “The Port of Açu is sailing steadfastly ahead toward the sustainable economy of the future. One of the pillars of our vision for the port’s industrialisation are today’s operational energy transition projects and the renewable energy-fuelled green industries of tomorrow.

“Açu is a gateway between the growing Brazilian economy and rapidly expanding low carbon businesses around the globe.”

Firmo added: “This will be the first green hydrogen plant in the country and will place FFI and Açu at the forefront of clean energy production and the green industrialisation of Brazil.”

Subject to the completion of feasibility studies and approvals, individual projects will be developed by FFI with ownership and project finance sources to be separately secured without recourse to Fortescue, the company said.