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Brazil environment agency OKs iron ore port for miner

Keywords: Tags  iron ore, Porto Sul port facilities, Ibama, Brazil environmental authority, Bamin, Eurasia Natural Resources, Brazilian miners, Bahmex Sul Americana de Metais

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 country’s 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 company’s 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.

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