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CVRD to start Brucutu iron ore mine in August

Steel News - Published on Wed, 26 Jul 2006

CVRD plans to start operations at its Brucutu iron ore mine in the Brazil’s Minas Gerais state in August 2006, which it termed as the world's largest iron ore mine and produce 7 million tonnes this year. Brucutu has a capacity of 30 million tonnes per year. Generally iron ore mines start up with a much smaller capacity and build up their production over the years via expansions.

Mr Sergio de Freitas Leite CVRD’s director of ferrous metals on the sidelines of the 61st annual congress organized by Brazil's metallurgy and materials association ABM said " Brucutu represents a $1.2 billion investment and that the new mine would produce both hematite and itabirite iron ore. Production at the mine is expected to reach some 7 million tonnes in 2006. The project includes a concentration plant that would direct its production to CVRD's usual clients.”

Mr Leite also said that CVRD will also expand iron ore output at its northern Carajas mine to 100 million tonnes per year in 2007, from the current 85 million tonnes,

CVRD last year produced 234 million tonnes of iron ore, up 10.7% over 2004 and has maintained a 15% average annual iron ore production growth rate since 2001.

Posted By : admin on Wed, 26 Jul 2006
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