Green light for Brazilian iron ore firm Cedro to build US$260mn railroad
Brazilian transport regulator ANTT authorized Cedro Participações, the holding company of iron ore firm Cedro Mineração, to build and operate a railway connecting Mário Campos and Mateus Leme municipalities in Minas Gerais state.
The company will have the rights to operate the stretch for 99 years, ANTT said in a statement published in the country's official gazette.
“The construction of the new railway branch, with the potential to remove around 5,000 trucks per day from Minas Gerais roads, involves planned investments of 1.5bn reais [US$260mn] and the create thousands of jobs," Eduardo Couto, legal and institutional VP of Grupo Cedro Participações, said in an interview with local news website Itaitiaia.
According to the executive, the railway will have an extension of 26km and will have capacity to transport 25Mt of iron ore per year.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Brazil)
Brazil, China sign deal on biofertilizer route to Amapá state
The agreement defines the guidelines for the creation of a direct maritime route Guangdong-Hong Kong-Macau greater bay area and the port of Santana...
Green light for Brazilian iron ore firm Cedro to build US$260mn railroad
The railway will have an extension of 26km and will have capacity to transport 25Mt of iron ore per year.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Itabirito P15 (Mina Casa de Pedra)
- Current stage:
- Updated:
3 months ago
- Project: Colossus Rare Earth Project
- Current stage:
- Updated:
3 months ago
- Project: Cristalino
- Current stage:
- Updated:
3 months ago
- Project: Tucano
- Current stage:
- Updated:
3 months ago
- Project: Waterfall
- Current stage:
- Updated:
3 months ago
- Project: Miltonia 5 (M5)
- Current stage:
- Updated:
2 months ago
- Project: Tocantinzinho
- Current stage:
- Updated:
3 months ago
- Project: Apolo
- Current stage:
- Updated:
3 months ago
- Project: Tailings Filtering Plant (Minas - Rio System)
- Current stage:
- Updated:
3 months ago
- Project: Luanga
- Current stage:
- Updated:
3 months ago
Other companies in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: P.A. Gold Mineração e Metalurgia S.A. (P.A. Gold)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: AngloGold Ashanti Córrego do Sítio Mineração Ltda. (AGA Mineração)
-
AngloGold Ashanti Córrego do Sítio Mineração Ltda. (AGA Mineração) is a Brazilian company engaged in extraction and sale of ore, mainly gold. It is a wholly-owned subsidiary of ...
- Company: Fosnor Fosfatos do Norte Nordeste Ltda - Galvani (Galvani Fertilizantes)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Consórcio Santa Quitéria
- Company: MML Metais Mineração LTDA (MML)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Britacal Ind. e Com. de Brita Calcário Ltda. (Britacal)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
