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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.
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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 Of , United Kingdom , Porto Sul , Erik Gaustad , Paulo Stock Exchange , Eurasian Resources Group , Pedra De Ferro , East West Integration , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , போர்டோ சூழ் , பாலொ ஸ்டாக் பரிமாற்றம் , யூரேசியன் வளங்கள் குழு , பேட்ரா டி ஃபெரோ , கிழக்கு மேற்கு ஒருங்கிணைப்பு ,