Ferrous Resources

Ferrous Resources
Industry Mining
Headquarters Belo Horizonte, Brazil
Area served
 Minas Gerais, Espírito Santo, Rio de Janeiro e Bahia
Website ferrous.com.br

Ferrous Resources Ltda. is a Brazilian mining company engaged in the research, exploration, exploitation, processing and marketing of iron ore.[1][2]

Founded in 2007, Ferrous Resources is based in Belo Horizonte (MG).[3] Ferrous has five mines in Minas Gerais[2][4] and is currently exploring the viability of a potential mineral asset in Bahia.[5] The company is also working on the implementation of an integrated logistics system, which includes the development of a significant slurry pipeline across three Brazilian states, as well as the construction of a new port terminal in Espírito Santo.[2][4]

Performance and geographical footprint

Ferrous’ mineral assets are located in the Iron Quadrangle in Minas Gerais[1][4] and in Coração de Maria, Bahia.[5] They are accessed and processed by the following mines:

The quantity of mineral resources in these areas allows Ferrous to produce a significant amount of iron ore. The firm aim to increase their rate of production to 17 million tons per year by 2016 and 40 million tons per year by 2026.[2][4]

To ensure the successful operation of the mines of the Iron Quadrangle, Ferrous has also embarked on the construction of a 400 km slurry pipeline.[2][4][6]

Recent news

In September 2013, Ferrous Resources sold an $80 million stake (14.4%) in the firm to Eastern European mining firm Ferrexpo.[7]

References

  1. 1 2 Ferrous Resources Ltd - The Sentient Group
  2. 1 2 3 4 5 Ferrous Resources Ld: Ferrous Resources Completes Strategic Review - Yahoo UK and Ireland
  3. ↑ Company Overview of Ferrous Resources do Brasil Ltda. - Bloomberg Businessweek
  4. 1 2 3 4 5 Ferrous Resources Outlines Brazilian Iron Ore Output Growth Plan - Fox Business
  5. 1 2 The Mine of Ferrous Resources receives international certification - Valor
  6. ↑ Brazil's Ferrous plans tenfold iron-ore growth - Yahoo UK and Ireland
  7. ↑ Ferrexpo acquires $80 million stake in Brazilian miner, International: Reuters, 2013
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