Posted on 11 Apr 2023
Brazil's J. Mendes Group says it will invest BRL 580 million ($114.7m) in expanding its operations. The company extracts, processes and sells iron ore through its open pit mines in Congonhas-Ouro Preto and Piracema-Desterro de Entre Rios in Minas Gerais state. Both sites have an annual production capacity of almost 9 million tonnes of material with high Fe content.
The group plans to allocate BRL 81.4 million for the expansion of Mina do Baú, operated by its subsidiary JMN Mineração. At the same time, the rest of the total amount will be invested in the improvement of the Guariba mine tailings and waste pile. The site is managed by the other mining company of the group, Ferro+ Mineração.
“For the Ferro+ project in Ouro Preto and Congonhas, we plan to start implementation activities in May 2024, with completion of works estimated to last one year,” J. Mendes Group. “Meanwhile, due to particularities the JMN’ Santa Bárbara and Barão de Cocais project should begin in August and be completed by the end of 2023”, the company adds.
Another investment foresees a new railway logistics terminal to improve iron ore transportation from the Morro dos Coelhos mine.
“This terminal will significantly contribute to optimizing the regional railway system, as it opens up a new and strategic point for receiving and storing raw material, as well as reducing operational bottlenecks in other terminals that work close to the capacity limit. The action will increase the total capacity to ship products from this region to ports and industries in other regions”, the group adds.
Source:Kallanish
