Ferrous Resources Seeks EPCM for $1.2 Billion Brazilian Iron Ore Mine Project

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Researched by Industrial Info Resources Latin America (Cordoba, Argentina)--Brazilian firm Ferrous Resources do Brasil Limitada (Belo Horizonte, Brazil) is seeking an engineering, procurement and construction management (EPCM) firm for its $1.2 billion Viga iron ore mine expansion project. The mine currently produces 3.5 million tons of iron ore and is located in the "iron ore quadrangle" of Minas Gerais state, in southern Brazil. When the expansion project is completed, the Viga mine will be producing 15 million tons of pellet feed annually.

The project entails the construction of a concentrator plant, equipped with two jaw primary crushers, six secondary/tertiary cone crushers, two ball mills, and 22 flotation cells. Also, a dozen 190-ton haul trucks will be required for the mining operations. Ausenco do Brasil Engenharia Limitada (Belo Horizonte) completed a feasibility study and is working with Ferrous Resources in the preliminary and detailed engineering phases.

Construction is expected to begin in March 2014 (after the rainy season) and could last 36 months, with project completion set for the beginning of 2017. For the second stage of the project, Ferrous Resources also plans to construct a 400-kilometer slurry pipeline and a private port in the coast of Espirito Santo. Meanwhile, Ferrous Resources will use the MRS railway to send the ore to be shipped in the Sepetiba Port in Rio de Janeiro state.

Ferrous Resources was founded in 2007 and last year produced 2.9 million tons of iron ore in its three operational mines: Viga, Esperança and Santanense. Last month, Ferrexpo PLC (LSE:FXPO) (Baar, Switzerland), a top-10 global iron ore producer, with assets in Ukraine, acquired a 14.4% stake in Ferrous Resources for $80 million.

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