Ferrous Resources awaits nod for pipeline, port projects before setting timeframe

Ferrous Resources will decide on the timeframe of the construction of a 400km slurry pipeline and a seaport terminal in Brazil only after it obtains installation licences for both projects.

"Upon obtaining the installation licenses, Ferrous will evaluate the best time to implement [the pipeline and the port], considering the economic conditions of the company and the market," the iron ore producer said in an emailed statement sent to Steel First. It expects the licences to be granted by the middle of 2013. The company planned to have both the pipeline and the port operational by 2016 as part of...


Juan Weik

October 25, 2012

06:00 GMT

São Paulo