Energy transition drives investment in mining

On September 19, 2024, the newspaper O Globo published a story on its website emphasizing that the energy transition and socio-environmental actions are gaining scale in companies linked to mining in Brazil, which are forecasting a combined investment of US$ 64.5 billion by 2028.

One of the disbursements highlighted in the text 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, pellet feed, known as "green ore".

The report 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. By mid-2024, the plan was to commit resources of around R$1 billion over the next three years," explained Kallas. "The new beneficiation process will include milling, 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."

The full article can be read here.