Vale Says ERG Brazil Mine Investment Still Not Adding Up.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Durao, Mariana 3 of 3

Abstract

The article discusses Vale SA's consideration of investing in the Bahia Mineração project (Bamin) in Brazil, which is associated with Eurasian Resources Group. Despite the project's potential to produce up to 26 million tons of iron ore, Vale's Chief Financial Officer, Marcelo Bacci, indicated that the current volume of ore does not justify the necessary infrastructure investments, estimated at 30 billion reais ($5.4 billion) for expansion, port construction, and railway completion. The Brazilian federal government is interested in facilitating a deal to develop the region's infrastructure, but profitability may depend on diversifying cargo transport beyond iron ore. Vale is open to entering the project only with additional partners. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/08, pN.PAG
  • Document Type:Article
  • Subject Area:Mining and Mineral Resources
  • Publication Date:2025
  • Accession Number:187095814
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