Brazilian mining firm expands
A Brazilian mining company established its third pellet manufacturing plant last week, reports the ANBA.
Samarco Mineracao’s new plant is in Anchieta, in the south-eastern state of Espirito Santo.
It is believed that the plant will boost the firm’s iron ore pellet production capacity by more than half (54 per cent).
Those considering buying property in Brazil may be encouraged by the news, which suggests an economic resilience in the Latin American nation.
José Tadeu de Moraes, the firm’s director president said that the scheme also included a new processing plant in Germano.
"The new expansion should include investment in the Port of Ubú as well, as its shipping capacity should be used to the maximum when the third plant enters into operation," he added.
Meanwhile, new research released last week that was carried out on behalf of the Union of the Civil Construction Industry (Sinduscon) predicted growth in the sector.
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