Chinese considering investing in steel plant in Brazil's Mato Grosso state
Bnamericas Published: Thursday, June 13, 2013
A Chinese initiative led by the Asian country's national development bank ( CDB) has set as a potential project a 1bn reais (US$467.2bn) investment in the construction of a steel plant in Brazil's mid-western Mato Grosso state, local press reported. According to the Chinese delegation, the investment in a local steel plant would meet China's growing steel demand and Mato Grosso state's domestic market. CDB's executives are looking to take advantage of the Serra dos Caetés iron ore deposit, in Mato Grosso. However to supply the steel plant the best solution to transport the material produced in Caetés would be through the construction of an iron ore pipeline. Several Chinese companies already operate in Mato Grosso, through a partnership between China's State Grid and Brazilian power utility Copel, which are investing 1bn reais in the construction of a railway line between the cities of Paranaíta and Ribeirãozinho.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Brazil)
Junior exploration roundup: Vizsla, Pampa, Meridian, ATEX
Companies operating in Argentina, Brazil, Mexico and Chile provide updates.
Sigma Lithium faces arbitration process filed by LG subsidiary
The arbitration is one more headwind facing the Canadian firm, which is focused on a project in Brazil.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Terra Brasil Project
- Current stage:
- Updated:
5 months ago
- Project: Serra Verde
- Current stage:
- Updated:
5 months ago
- Project: Três Estradas (Phase 1)
- Current stage:
- Updated:
5 months ago
- Project: Furnas
- Current stage:
- Updated:
5 months ago
- Project: Juruena
- Current stage:
- Updated:
5 months ago
- Project: Novo Mundo
- Current stage:
- Updated:
5 months ago
- Project: Amapá
- Current stage:
- Updated:
5 months ago
- Project: Boa Vista
- Current stage:
- Updated:
5 months ago
- Project: Lavra Velha
- Current stage:
- Updated:
5 months ago
- Project: Cachoeira
- Current stage:
- Updated:
6 months ago
Other companies in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Brazil Copper Mineracao Ltda
- Company: Mata Azul S.A.
- Company: RTB Geologia E Mineraçăo Ltda.
- Company: BHBC Exploraçăo Mineral Ltda
- Company: Saint-Gobain Canalizaçao Ltda.  (Saint-Gobain Canalizaçao Brasil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Mineração Morro Verde Ltda.  (Morro Verde Fertilizantes)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Brass Do Brasil Projetos E Consultoria Tecnica Ltda.  (Brass Do Brasil)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...