Eurasian Natural Resources Corp.
|Operator||Bahia Mineracao Ltda (BML)|
Capacity - 20 Mtpy @ 66%-68% iron
|Deposit Type||Banded Iron Formations (BIF)|
|Reserves & Resources||
470.5 Mt @ 40% iron
|Mining Method||Open pit|
|Processing Method||Crushing, milling, flotation, magnetic separation|
|Mine Life||13 years|
|Mining Equipment||Trucks (218t off-road) & shovels|
|Processing equipment||Crushers, grinders, flotation circuit, magnetic separator circuit|
Av. Magalhaes Neto, 1752, Ed. Lena Empresarial, 15
Ph: +55 71 3507-0000
Last updated: August 14, 2012
Pedra de Ferro iron ore project is located near Caetite in the Brazilian state of Bahia. The deposit is 100% owned by Eurasian Natural Resources Corp. through Bahia Mineracao Ltda its wholly-owned subsidiary.
In order to extract the iron ore, Bahia Mineracao will use the most modern equipment and techniques available on the world market, with the goal of having an extremely efficient and environmentally-sound mining process.
The mine and concentration plant will be comprised of the following structures: iron ore extraction pit, a mineral processing, waste dump and tailings dam, in addition to operational support areas.
Construction started in 2010 and is to be completed in 2015. Total investment would exceed US$2.1 billion. Iron ore would be exported to international customers from a private terminal located in Porto Sul (Ihéus). A 430 km railway that is to be constructed by the government would transport the iron ore to the port.
Pedro de Ferro is 30 km from the city of Caetite in the Bahia state of Brazil. Bahia is located in the northeastern part of the country on the Atlantic coast. The shipping terminal would be located at the city of Ilheus in the Aritagua region.
Climate is tropical but some 68% of the territory is semi-arid.
According to the studies from the international consulting firm SRK Consulting, the company responsible for the pre-feasibility study, the iron ore deposit for the Pedra de Ferro has an estimated reserve of 470.5 million metric tons of iron ore with an average iron content of 40%.
The mineralized area is between 30 and 120m wide, primarily comprised of: compact itabirite, friable itabirite, and friable hematite.
The mining method that will be used will be an open pit mine with benches of 15 meters high, entailing the following processes per unit: drilling, stripping, loading, and transport.
The ore will be detonated in order to achieve maximum breakage, generating the greatest number of sinter feeds. This procedure will facilitate a high level of productivity for loading equipment at the lowest operational costs. In addition, the fragmentation of the ore generating the maximum amount of feed will result in the lowest energy consumption in the crushing and milling processes.
The iron ore will then be transported by loading trucks, off the highway, with capacity to transport 218 metric tons of ore to the concentration plant, where the iron ore will be crushed, milled, processed and concentrated through a flotation and magnetic separation process, where silica, impurities, and other wastes of the process will be removed.
The tailings will be deposited through gravity to the tailings dam with the capacity to contain all the tailings generated by the mining process.
At the end of the concentration process the iron ore generated will have an average iron content of 66% to 68% of Fe. This ore concentrate will be transported to a private shipping terminal and exported to international clients. A 430 km railway that is to be constructed by the government would transport the iron ore to the port. The company has to build a private terminal in Porto Sul (Iheus).
The industrial water supply system would be 150 kilometers in length and would connect the cities of Malhada and Caetite.
The projected annual production for Bahia Mineração’s mine is 20 million metric tons of iron ore with an average iron content of 66% to 68% Fe.
As of July 2012, the project was granted a License of Location and Concession of ANA (National Water Agency) but it was still waiting for the Environmental Licence.
As of June 2011, Brazil's environmental agency blocked the initial port project at Porto Sul, Ilheus, saying it would damage the coral reef. A new site located some 5 km south was chosen and approval was being sought for the new location. Delays were also noted in the construction of the railway by the government.