Eurasian Resources Group says it is continuing to advance its BAMIN integrated iron ore mining and logistics project in Brazil with the planned commercial start-up this month of its Pedra de Ferro mine in Bahia.
Pedra de Ferro has an initial capacity of 2 Mt/y of high-grade iron ore with 65% Fe content, but, in full production, will be able to produce 18 Mt/y of ore.
At the same time as this, plans for the implementation of Porto Sul, a deep-water port complex that is part of BAMIN, also continue to advance.
Carried out by the State of Bahia and BAMIN, the initial works at the port (pictured) focus on the construction of the requisite infrastructure and access to the site. This phase of the work will generate 400 direct jobs and another 1,200 indirect jobs, according to ERG.
Overall, the BAMIN project is expected to see Bahia become the country’s third largest iron ore producer.
Benedikt Sobotka, CEO of ERG, said: “The start of operations at Pedra de Ferro is a fundamental step towards the full implementation of the project. Porto Sul, in addition to its strategic importance, will strengthen the local economy and support the growth of other sectors. While implementing the BAMIN project, we also aim to positively contribute to the economic and social recovery and help mitigate the long-term impact of the pandemic.”