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 week.
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 government said.
However, Bamin parent company Eurasian Natural Resources Corp. Plc (ENRC) said that it has suspended its iron ore projects in Brazil due to uncertain economic conditions.
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.