Mining investments total US$ 64 billion by 2028

On September 19, the newspaper O Globo published an eight-page special section on mining, with the aim of addressing the sector's growth combined with environmental preservation actions.

The publication emphasizes that the energy transition and socio-environmental actions are gaining scale in companies linked to this industry in Brazil, which are forecasting a combined investment of US$ 64 billion by 2028.

One of the investments highlighted on page 2 of the special section is that of Cedro. The publication notes that the company has mines in Nova Lima and Mariana, both in Minas Gerais, where it is investing around R$7 billion to expand production of ore with a higher iron content, known as "green ore".

The O Globo special quotes the chairman of the board of Cedro Participações, Lucas Kallas. He said that there is a high global demand for the product, especially in the Middle East and Europe, regions that are already giving priority to this ore, even though little is produced.

"The investment plan was recently updated. Up until the middle of this year, the plan was to commit resources of around R$1 billion over the next three years," explained Kallas. "The new beneficiation process will include grinding, flotation, delamination and filtering, guaranteeing a final product of the highest quality. This innovation not only improves production efficiency, but also reduces environmental impact, in line with more sustainable industrial practices."