São Paulo – Abu Dhabi’s Mubadala investment company and the logistics and commodities company Trafigura have announced this Thursday (14th) that operations are set to begin this year at Porto Sudeste (Southeast Port), in Rio de Janeiro.
According to Reuters, the port’s head of operations Eugenio Mamede has said the port is “set to start operating in Q4 this year.” Earlier, an executive from Usiminas, an enterprise which should make use of the terminal, had stated that the facility would only begin shipping iron ore in 2015.
The Southeast Port was purchased by Mubadala and by Trafigura – the latter is the port’s controlling company – early this year for US$ 400 million. Formerly, the facility was owned by the Brazilian businessman Eike Batista, who still holds a minority interest. Porto Sudeste will handle a throughput of up to 50 million tonnes of iron ore per year. The capacity may be expanded to up to 100 million tonnes per year.
*Translated by Gabriel Pomerancblum
