MRN gets environmental nod for US$890mn Brazilian bauxite mine expansion
Mineração Rio do Norte (MRN) received the preliminary license from environmental regulator Ibama for its Projeto Novas Minas bauxite mine, allowing it to advance a 5 billion-real (US$890 million) expansion.
With the expansion, MRN will expand the lifespan of Brazil's biggest bauxite mine from 2027 to 2042, including exploration of new areas, a company spokesperson told BNamericas.
The firm still needs the installation license to fully carry out the expansion, however.
MRN produces 12.5Mt/y of bauxite and is controlled by Glencore, which has a 45% stake, while South32 holds 33% and Rio Tinto 22%.
The preliminary license is valid for four years and can be seen in the Documents box in the top-right corner.
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