Eurasian Resources Group has announced the start of commercial production at the Pedra de Ferro iron ore mine in Brazil. The mine will begin commercial production with an initial capacity of 2mtpa of high-grade iron ore. Once ramped up to full production, the mine will produce 18mtpa of ore. Pedro de Ferro has an expected mine life of 30 years.
ERG is a diversified natural resources group with integrated mining, processing, energy, logistics, and marketing operations, operating in 15 countries. In the State of Bahia in Brazil, the company is advancing BAMIN, an integrated mining and logistics project which includes the Pedro de Ferro mine as well as Porto Sul, a deep-water port complex, and an associated railway.
ERG is currently advancing plans for Porto Sul, with initial works to focus on the construction of necessary infrastructure. The BAMIN project is expected to increase the State of Bahia’s economic strength in Brazil by raising the State to become the country’s third-largest iron ore producer.
Infrastructure work for Porto Sul is expected to generate 400 direct jobs and 1,200 indirect jobs.