Opportunities to acquire iron ore assetsThe Business
There are a number of iron exploitation opportunities in Bahia:
- Iron Deposit consisting of 137 thousand hectares. Analytical research on several samples shows primarily magnetite with iron content from 35% to 65%, giving an average ore content of 40%. Research also shows possibilities of vanadium, titanium, nickel and platinum metals. Estimated reserves include confirmed iron ore resources of 700 million tons from a researched, outcropped area that occupies just six percent of the entire property. No drilling has been performed.
- Iron Deposit consisting of 55,000 hectares with hematite and magnetite showing iron content 40% to 65%. Initial research shows an estimated 820 million tons; no drilling has been performed.
- Iron Deposit consisting of 85,000 hectares with hematite and magnetite showing iron content 49% and estimated reserves of 1 billion tons.
- Iron Deposit consisting of 2,554 hectares with iron content averaging in the high 30s to low 40s and estimated reserves of 150 million tons; drilling has been performed.
Market
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Sector: MiningSegment: IronRegion: BrazilFinancing Size: $1m to $5mContact: Adeina Cookenour
Company: Trade Brazil CompanyTelephone: +55 24 8834 3808Email: [email protected]