Brazilian companies to develop 20 million tpy integrated iron ore project
Dec 20, 2011 | 11:08 AM
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Three Brazilian companies have come together in a 7.6 billion Reais ($4 billion) joint venture to develop a 20 million-tpy integrated iron ore project in Brazil.
The project will include mines, railways and ports, and is set to come on stream in 2016.
Called Vetria Mineração, the new company will be controlled by railroad group América Latina Logística (ALL) with a 50.38% stake.
Merchant pig iron producer Vetorial Participações and infrastructure firm Triunfo Participações e Investimentos (Triunfo) will hold 33.83% and 15.79% stakes, respectively.....
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