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Posse

Project Stages

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Early Works
In Construction
Operation
Current Stage In production
Project Details

Description

The Posse iron ore project is based on the use of bulk open pit mining methods and a simple beneficiation plant treating up to 1Mt/y of iron ore for a mine life of 6-8 years. The project's resources stand at 4.83Mt grading 47.4% in the indicated category and 31.2Mt grading 42.9% in inferred resources. Crusader acquired Posse in September 2007.

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Related Companies

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

  • * Changes to original budget estimates are shown as the total figure available and may include interest, working capital, inflation adjustments and other contingencies in addition to capital expenditure.

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Key Specs

Full Name
Posse
Project Type
Iron ore, Open pit mining
Development Phase
In production
Project Status
Active
Project Capacity
300,000  t/y (tons per year)  Iron ore
 Open pit mining
Lifespan
7
Location

The Posse iron project is located 30km from Minas Gerais capital, Belo Horizonte. 

* The map coordinates provided above represent the approximate latitude and longitude, and not the exact location, of the project in question.

 

 


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Owner / operator
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Managing Director
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Executive Director
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