JV Mineração, a new project by the Cosan group in partnership with businessman Paulo Brito, should start operating in 2025 with a production of around 10 million tons of iron ore per year. The perspective, however, is that production will increase. The company, should explore at least three mineral projects in the State of Pará. The first of them is near Paraupebas (PA), in the Carajás region. “We have already done nearly 50 thousand meters [square] of drilling in the region and we intend to do another 80 thousand meters next year. Today, we can say with great confidence that we have 2 billion to 3 billion mineral resources to be able to transform into mines. With the survey, we expect this number to grow reasonably,” said Juarez Saliba, an executive who took charge of the new business. The idea is to seek market niches through the production of quality iron ore sold at higher premiums.
Sources: Valor Econômico/Datamar News