The project, with an estimated investment of more than R$3.5 billion, is the company's second in the logistics area
Issue 291 of Control & Instrumentation (C&I) magazine, out on January 20, features an article on Cedro Participações' victory in the auction for the Port of Itaguaí, in Rio de Janeiro.
The purchase is a step forward in the structuring of the company's logistics area, which recently announced the construction of a railway branch(short line) to transport iron ore production from the Serra Azul region.
According to the publication, at the port auction, held at B3, Cedro Participações, the holding company that owns Cedro Mineração, was awarded the so-called "middle area", between the Vale and CSN areas. On the 350,000 square meter site, an iron ore storage terminal will be built with a capacity of 20 million tons per year.
The project, according to the magazine, is budgeted at R$3.5 billion. Construction is scheduled to begin in 2027 and operations in 2029. According to the technical, economic and environmental feasibility project, 2,800 direct and indirect jobs are expected to be created during construction.
"The terminal is totally in line with Cedro's growth and sustainability strategy and that of the industry itself," said Lucas Kallas, Chairman of the Board of Cedro Participações.
You can read the full article here.
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The event was attended by President Luiz Inácio Lula Silva and the Minister of Ports and Airports, Silvio Costa Filho. The company will be the first 100% Brazilian mining company to verticalize its operations and intends to invest R$3.6 billion in the project, as reported by the IstoÉ Dinheiro website.
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The expectation is that the Cedro Participações project, once built, will become an efficient alternative for transporting mineral production, helping to reduce heavy traffic on the federal highways that cut through the region
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