SINM, a mining company from the Arab country, had a loan of USD 150 million approved by the African Development Bank, which will help it expand the logistics of iron ore transportation.
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The Libyan market imported 1.6 million tonnes of iron ore from Brazil from January to October, a 60% increase compared to the same period last year. It is the largest volume in the current decade.
A study by the Arab-Brazilian Chamber indicates that Brazil has opportunities to explore in the mineral products market in Arab countries, as it possesses iron ore, niobium, bauxite, manganese, gold, nickel, among others.
The mining giant sold half of its distribution operation in the Arab country, the VODC, to a company from the United States for USD 600 million.
Saudi Arabia’s Industry and Mineral Resources Minister Bandar Ibrahim Alkhorayef met with Arab-Brazilian Chamber International Relations Vice President Mohamad Mourad in Brasília on Thursday (25) and will rely on the institution’s support to identify other Saudi industries that could draw interest from Brazilians.
The Brazilian mining company is producing sand from the reuse of iron ore tailings. It could be used to coat asphalt paving with environmental and economic advantages.
In the first half of 2021, the Gulf country boosted its iron ore purchases. According to an analyst, the action was driven by the vaccination progress and the upturn of the local industry.
Trilha Gold Capital operates with mining projects and consulting services focused on geology, geophysics, drilling, and reserve calculation. The company founder Syria’s Basel Ibrahim Al Jughami now seeks investors to boost the business.
Mineral products exports from Brazil climbed 11% in revenue and 2% in volume last year, driven by purchases from China. Iron ore’s high prices benefited results.
The sector authority is assigning areas containing different types of minerals to private sector players. Expressions of interest will be accepted through March 1, 2021.
Goal is cutting emissions by 33% by 2030 and boost the transition to a carbon-neutral mining by 2050.
The Egyptian Mineral Resources Authority said bids will be accepted from March 15 to July 15.
The Brazilian mining company reached a deal to divest from its minority position in the Chinese enterprise.
Five tracts of land for charcoal mining in Rio Grande do Sul and one for copper, lead and zinc in Tocantins are set to go on auction in December.
