Payback investment: Brazilian mining company conquers harbor!

Payback investment: Brazilian mining company conquers harbor!

In a historical moment for the Brazilian mining industry, Cedro Participações won the auction for the ITG-02 iron erect in the port of ITaguaí in Rio de Janeiro on December 18. With an investment of 3.7 billion BRL, the company, which is the first completely Brazilian mining company, will verticalize its activities. The construction of the new terminal, which is over 350,000 square meters and will offer a storage capacity of 20 million tons per year, is to begin in 2027 and put into operation in 2029. These developments are crucial to offer the smaller mining companies that are currently dependent on the terminals of Vale and CSN, says Cedro manager Lucas Kallas, who praises the investment as a big step towards increasing efficiency and competitiveness in the industry. In addition, such as valorinternational.globo.com reported, the Customs 1 million BRL was reported on 35 Years award what underlines the importance of the project.

strategic importance and future plans

The ITG-02 Terminal is strategically between the two large mining companies Vale and CSN, which will make it a central point for the transport of iron ore. Cedro Participações plans to double the annual production capacities within the next five years. The board of directors José Carlos Martins emphasizes that in the future access to its own port will play a crucial role in the company's success for the transport of erzen. This project will not only increase production capacities, but will also create new business opportunities for the region, such as ots.at emphasized.

The effects of this investment are far -reaching. Cedro expects an increase in storage capacity to be necessary, since smaller companies are no longer dependent on the existing terminals. In addition, the new terminal will enable access to the MRS rail network and thus address the logistical challenges of mining in Brazil. Minister Silvio Serafim da Costa Filho described the auction as the greatest of its kind in history, which is of crucial importance not only for the mining sector, but also for the economic development of the country.