Mining Intelligence and News
Brazil

Pedra de Ferro Mine

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Categories

Summary

Mine TypeOpen Pit
StatusCare and Maintenance
Commodities
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe Pedra de Ferro Mine forms part of a large integrated mineral development in Brazil, currently placed on care and maintenance as strategic options are reassessed. The project is positioned to transform the State of Bahia into a leading iron ore region, producing some of the world’s highest-grade, low-impurity ore, including DSO and DRPF products. As the anchor shipper for the FIOL railway and Porto Sul, BAMIN holds significant logistical advantages. In light of market conditions, options for new investors or potential project purchasers are being actively explored to support future development.

Owners

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

Bamin reported at the opening of Exposibram that its shareholders are reviewing proposals from strategic investors for the integrated project encompassing the Pedra de Ferro mine, the FIOL railway and Porto Sul in Ilhéus (BA). A selection decision is expected by early 2026, when one proposal will be chosen to proceed to negotiations.

Deposit type

  • Banded iron formation

Summary:

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

Summary:

A large fully integrated mining and logistics project: high quality iron ore mine, deep-water port and transcontinental railway. Commercial operations at mine commenced in Jan 2021 and by the year-end BAMIN has produced more than 1 mtpa of iron ore. The target capacity is 26 mtpa, with an expected life of 25+ years.

High-quality products: direct shipping ore (DSO) and direct reduction pellet feed (DRPF). The mine will use a dry-stack tailings storage facility. As at 2023, Eurasian Resources is awaiting regulatory approval to develop a dry-stack TSF system for Pedra de Ferro mine, along with a supporting waste processing and filtering plant.

Stretch of the FIOL railroad: FIOL railroad (between Caetité and Ilhéus) will be 537 km in length. Following the project’s route it will cross 20 municipalities and should handle up to 60 million tons per year – with 60% of this capacity to be made available to other mining companies.

Porto Sul: Design capacity of 26 ........

Recoveries & Grades:

CommodityParameter20232022
Iron Head Grade, % 6566

Water usage

Parameter2022
Fresh water 36.2 ML
Groundwater 537.2 ML

Commodity Production

CommodityProductUnits202320222021
Iron Ore Fines Mt  ....  Subscribe  ....  Subscribe  ....  Subscribe
Iron kt  ....  Subscribe  ....  Subscribe

Operational metrics

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

Production Costs

Commodity production costs have not been reported.

Mine Financials

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

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 14, 2025
....................... Subscription required ....................... Subscription required Subscription required Nov 14, 2025
....................... Subscription required ....................... Subscription required Subscription required Nov 14, 2025
....................... Subscription required ....................... Subscription required Subscription required Nov 14, 2025

Workforce

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

Aerial view:

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