ERG, Bamin mull development of iron ore, logistics project in Brazil

Kazakhstan’s Eurasian Resources Group (ERG) and its wholly-owned subsidiary Bahia Mineração (Bamin) are looking to develop a $2.40 billion integrated iron ore mining and logistics project in Brazil.

The companies have signed a Memorandum of Understanding (MoU) with Brazil’s north-eastern Bahia state and a consortium of Chinese firms. The project includes Bamin’s Pedra de Ferro iron ore mine, the Porto Sul deep-water port and the associated FIOL railway, ERG said on Monday September 4. The Chinese consortium is comprised of leading infrastructure and machinery companies and includes China Railway Group, China Communications Construction Co and Dalian Huarui Heavy Industry Group. “The...

Published

Ana Paula Camargo

September 05, 2017

16:16 GMT

São Paulo