Mining Intelligence and News
Brazil

Pedra de Ferro Mine

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Overview

Mine TypeOpen Pit
StatusActive
Commodities
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotEurasian Resources Group's(ERG) integrated BAMIN Operation in the state of Bahia consists of the Pedra de Ferro iron ore mine, the FIOL railway and the Porto Sul port development. It represents one of the largest infrastructure development projects in Brazil, with a planned production of 26 million tonnes of iron ore by 2028.

In 2023, Eurasian Resources started the construction of FIOL 1. FIOL 1 (which runs 537km from Caetité to Ilhéus) is the first section of Brazil’s major West-East Integration Railway (FIOL) project – one of the largest infrastructure projects in the country. BAMIN has, through its wholly-owned subsidiary, Bahia Ferrovias S.A., a 35-year concession to construct and operate FIOL 1. This will (as part of the broader FIOL project) carry ore from the Pedra de Ferro mine to the east coast of Brazil for export via Porto Sul.

Construction on FIOL 1 started in July 2023 and is expected to be concluded by 2027.

Owners

SourceSource
CompanyInterestOwnership
Eurasian Resources Group S.à r.l. Indirect
The operation is 100% owned by Bahia Mineração(BAMIN), a wholly-owned Brazilian subsidiary of ERG(Eurasian Resources Group).

Deposit type

  • Banded iron formation

Summary:

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

Summary:

Commercial operations commenced in Jan 2021 and by the year-end BAMIN has produced more than 1 mtpa of iron ore.

High-quality products: direct shipping ore (DSO) and direct reduction pellet feed (DRPF).

The Pedra de Ferro mine currently has an installed capacity to produce up to 1 million tonnes of ore a year, with the potential to increase this to 2 million tonnes (subject to approval from the relevant licensing body). Pedra de Ferro mine has potential to raise its capacity so that it can produce up to 26 million tonnes a year by 2028. It will use a dry-stacked tailings storage facility to minimise associated physical and environmental risks.

BAMIN is now focusing its efforts on the construction of the FIOL railway line, needed for transporting ore from the Pedra de Ferro mine at Caetité to the Porto Sul shipping terminal. When it is concluded, the railway will be able to carry 60 million tons a year, though BAMIN itself will occupy only one-third of t ........

Recoveries & Grades:

CommodityParameter20232022
Iron Ore Head Grade, % 6566

Production

CommodityUnits202320222021
Iron Ore Mt  ....  Subscribe  ....  Subscribe  ....  Subscribe
All production numbers are expressed as fines.

Operational metrics

Metrics20232022
Annual production capacity  ....  Subscribe
Waste  ....  Subscribe  ....  Subscribe

Production Costs

Commodity production costs have not been reported.

Financials

Units20222021
Revenue M BRL  ....  Subscribe  ....  Subscribe
After-tax Income M BRL  ....  Subscribe  ....  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 4, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 4, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 4, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 4, 2024
....................... Subscription required ....................... Subscription required Subscription required Nov 4, 2024

EmployeesContractorsTotal WorkforceYear
...... Subscription required 2023
...... Subscription required ...... Subscription required ...... Subscription required 2022
...... Subscription required 2021

Aerial view:

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