SÃO PAULO The
Brazilian Institute of Environment and Natural Resources
(Ibama) has issued a preliminary license for the construction
of port facilities at Porto Sul, in the countrys
northeastern Bahia state.
The license is valid for two
years, subject to the rules established by the Brazilian
environmental authority, the Bahia government said last
The Porto Sul port includes a
state-owned terminal, as well as a private terminal to be built
by local miner Bahia Mineração Ltda. (Bamin),
designed to export the companys iron ore output, the
However, Bamin parent company
Eurasian Natural Resources Corp. Plc (ENRC) said that it has
suspended its iron ore projects in Brazil due to uncertain
The Porto Sul port has also been considered for use by
several Brazilian miners for the export of their future iron
ore production. These include Bahia Mineral Exploration
(Bahmex), Sul Americana de Metais SA (SAM) and Cabral Resources
Ltd., among others.
A version of this article was
first published by AMM sister publication Steel First.