BNamericas quoted Mr Otto Andrade steel market consultant at Andrade & Associados as saying that mining group Ferrous Resources do Brasil could construct a pellet plant in the Serra Azul region of Minas Gerais state.
He added that "Ferrous Resources announced investments but has not disclosed details of what their plans are. But they might construct a pellet plant in Minas Gerais."
Ferrous Resources has earmarked some USD 6 billion for investments which are expected to be directed to the mines of Serrinha and Esperança in Brumadinho and to Santanense in Itatiaiucu in Minas Gerais' Iron Quadrangle. Ferrous Resource's plans also include funding for the Viga mine near compatriot steelmaker CSN's Casa de Pedra mine in Congonhas.
In addition, the group announced on October 23rd 2009 that it is looking for international partners to set up a steel mill in the country.
(Sourced from www.bnamericas.com)
