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Article: MBR waits for license to new mine.
- Article from:
- South American Business Information
- Article date:
- November 28, 2003
CopyrightCOPYRIGHT 2003 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Nov 28, 2003 (Gazeta Mercantil/SABI via COMTEX)
The Brazilian mining company MBR, held by Caemi group, is expecting for the approval of environmental licenses concerning the inauguration of the new mine based at Quadrilatero Ferrifero, Minas Gerais state, an operation estimated at R$20mil, to reach 40mil m tons of iron ore and to develop the group into the world 4th main producer. According to the company' chairman, Hugo Stoffel, the Capao Xavier mine already holds a temporary license of the mining chamber from Copam. MBR' new facilities have a capacity of 8mil m tons per year. The group currently operates in the mines of Pico de Itabirito, Capitao do ...
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