USMINAS Brazilian steel company confirmed its intentions to invest 800 million reactions in expanding its own iron ore mining. It is reported by BN Americas.
Representatives of the company officially confirmed that its mining division of Minera axle Usiminas in the second half of 2013 will be extracted more than 12 million tons of iron ore raw materials instead of the current 7 million tons.
The report said that Mineração usiminas begins to implement the project under the code name Friáveis, which includes the development of new deposits and the introduction of advanced technologies for obtaining pellets and agglomerate.
Mineraç_o usiminas is a joint Brazilian -Japanese enterprise, where 70% of the shares belongs to usiminas, and 30% - the Japanese Sumitomo. The company owned four largest iron ore deposits in the area of Sierra Azul (Brazil) with explored reserves of 2 billion 600 million tons.
Brazilian usiminas does not refuse plans to increase iron ore mining
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