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.
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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.
Brazil Miner Vale, State Authorities Narrow Differences in Disaster Settlement: Reuters
Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to 11 billion reais ($2 billion) before talks fell apart, a person close to the negotiations told Reuters on Friday.
The 2019 disaster in the town of Brumadinho in Minas Gerais state killed some 270 people when a dam ruptured at a Vale facility and unleashed a torrent of mining waste.
The Minas Gerais state government lowered its demands for a settlement to 40 billion reais in a meeting with Vale on Thursday, down from the 54 billion reais in damages it previously sought, the source said, who spoke on condition of anonymity as the negotiations were closed.
Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to 11 billion reais ($2 billion) before talks fell apart, a person close to the negotiations told Reuters on Friday.