Report places Cedro among the new exponents of mining in Brazil

On Tuesday, October 28th, the newspaper O Estado de S.Paulo carried an extensive report on the new big names in iron ore mining in Brazil. Businessman Lucas Kallas, who has been in the business for about a decade, is at the head of the board of directors of Cedro Participações, which includes Cedro Mineração, and is named as one of them.

Among the reasons why iron ore has become a more attractive business in recent years, the article cites the growing global demand for high-grade ore, such as pellet-feed, which allows the steel industry to reduce CO2 emissions by up to 50%. According to the report, this is one of Cedro's investment fronts, which aims to reach 20 million tons of production capacity by 2030.

On the other hand, among the challenges to the sector's growth, according to the newspaper, are logistical barriers, which the company intends to overcome by building a terminal in the Port of Itaguaí.

The full article can be read by clicking here.