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Brazilian mining company wins auction for west-east railroad concession

Brazilian mining company wins auction for west-east railroad concession
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Bahia mineraPedra de ferroPremium membershipபஹியா மினராபேட்ரா டி ஃபெரோப்ரீமியம் உறுப்பினர்

ERG wins bid in Brazil to run rail line to boost operations at new mine

London The Pedra de Ferro iron ore mine in in northeastern Brazil s Bahia state, owned by Kazakhstan-based diversified miner Eurasian Resources Group, has won a bid to complete and operate a railway that will boost the development of the iron ore greenfield. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now BAMIN, as the mine is known, won the auction on the Bovespa (São Paulo Stock Exchange) to finish and run the first 537 km (334 miles) stretch of Brazil s FIOL, or East-West Integration, railway. The mine is ERG s first project in Brazil. The bid follows the start of operations at the mine and the beginning of construction of Porto Sul port facilities in late 2020.

City ofUnited kingdomPorto sulErik gaustadPaulo stock exchangeEurasian resources groupPedra de ferroEast west integrationநகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்போர்டோ சூழ்பாலொ ஸ்டாக் பரிமாற்றம்யூரேசியன் வளங்கள் குழுபேட்ரா டி ஃபெரோகிழக்கு மேற்கு ஒருங்கிணைப்பு

Brazil s Bahia Mineracao will operate the Fiol railway

Brazil’s Bahia Mineracao to operate Fiol railway Segment of the East-West Integration Railway (Fiol) Credit: Bamin. Brazilian miner Bahia Mineracao (Bamin), a subsidiary of Kazakhstan’s Eurasian Resources Group, will operate the stretch of the West-East Integration Railway (Fiol 1), which goes from Ilhéus to Caetité, in Bahia state, Brazil. In an auction without competitors, Bamin offered R$32 million ($5.8 million) and will be responsible for the completion of the project and for the operation of the stretch, in a concession that will last 35 years, totaling R$3.3 billion ($590 million) in investments. Sign Up for the Iron Ore Digest Sign Up

Porto sulPedra de ferroபோர்டோ சூழ்பேட்ரா டி ஃபெரோ

Brazil s Bahia Mineracao starts production at iron ore mine – CEO | Hellenic Shipping News Worldwide

Brazil’s Bahia Mineracao starts production at iron ore mine – CEO Brazilian miner Bahia Mineracao, a subsidiary of Kazakhstan’s Eurasian Resources Group, started production at a mine in northeastern Brazil with expected 2021 output of 1 million tonnes of iron ore, its chief executive said on Tuesday. Bahia Mineracao plans to double output at the Pedra de Ferro mine in Bahia state to 2 million tonnes of iron ore by next year, CEO Eduardo Ledsham said in an interview. The mine shipped its first cargo of ore in January, with first-quarter sales only to the domestic market, Ledsham said. Foreign shipments are expected to begin in April, he said.

Eduardo ledshamRichard changKazakhstan eurasian resources groupEast west integration railway fiolBahia mineracaoEurasian resources groupPedra de ferroEast west integration railwayMarta nogueira writingJake springஎட்வார்டொ லெட்ஷாம்ரிச்சர்ட் சாங்காஸக்ஸ்டாந் யூரேசியன் வளங்கள் குழுபஹியா மீனேரக்கோயூரேசியன் வளங்கள் குழுபேட்ரா டி ஃபெரோ

UPDATE 1-Brazil s Bahia Mineracao starts production at iron ore mine - CEO

(Adds more chief executive comments) RIO DE JANEIRO, Feb 2 (Reuters) - Brazilian miner Bahia Mineracao, a subsidiary of Kazakhstan’s Eurasian Resources Group, started production at a mine in northeastern Brazil with expected 2021 output of 1 million tonnes of iron ore, its chief executive said on Tuesday. Bahia Mineracao plans to double output at the Pedra de Ferro mine in Bahia state to 2 million tonnes of iron ore by next year, CEO Eduardo Ledsham said in an interview. The mine shipped its first cargo of ore in January, with first-quarter sales only to the domestic market, Ledsham said. Foreign shipments are expected to begin in April, he said.

Marta nogueiraEduardo ledshamRichard changThomson reuters trust principlesKazakhstan eurasian resources groupEast west integration railway fiolBahia mineracaoEurasian resources groupPedra de ferroEast west integration railwayMarta nogueira writingJake springThomson reuters trustமார்த்தா நோக்‌வெயிரஎட்வார்டொ லெட்ஷாம்ரிச்சர்ட் சாங்