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Granted by Minas Gerais state environmental regulator Copam, the license allows for mining operations to begin immediately on a restricted basis. Under the terms, Crusader may begin operations under its existing trial mining license, which allows for a 300,000t/y run-of-mine ore production using dry beneficiation, the firm said in a press release.
With Posse's processing plant already fully constructed and commissioned, Crusader expects to begin iron ore production in early 2013. Concurrently, the firm will continue to pursue a full mining license for the project.
Last November, Brazil's mineral production department DNPM approved Crusader's Posse economic development plan - a full mining license prerequisite.
Crusader aims to complete the process required for a full mining license in the first half of 2013, the firm said.