On October 15, the newspaper O Estado de S.Paulo published an article about Cedro Mineração's plan to invest R$3.5 billion in a new mine in Mariana, in Vale's mining area. The text, signed by journalist Ivo Ribeiro, who has more than 30 years' experience covering the sector, highlights the project's focus on the market for ore with a high iron content and higher added value. The new mine is expected to produce 5 million tons per year of ore with a 67% iron content.

According to the newspaper, the 15-year agreement signed with Vale includes the opening of a new, larger extraction pit, next to the current Cedro mine in Mariana, and investments in an industrial plant to concentrate the ore. It also provides for the sale of pellet-feed direct reduction (PFRD), the end product of the process, directly to Vale, delivered to a terminal next to the Vitória-Minas Railroad (EFVM), from where it will be sent to the port of Tubarão for shipment and export.

PFRD is also known as green ore, because its high concentration of iron and low level of impurities allows the steel industry to reduce CO2 emissions by up to 50%.

The full article can be read on the newspaper's website by clicking here.

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