Chinese mining group plans to build an US$ 2.2bn complex in Brazil

Tuesday, September 17th 2019 - 09:41 UTC

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The agreement will include the construction of a 845 million square meters tailing dam, which will be one of the largest in Brazil, according to the report.

The Brazilian state of Minas Gerais has signed a protocol of intent with Sul Americana de Metais, a unit of Chinese miner Honbridge Holdings, for the construction of a 9.1 billion reais (US$ 2.2 billion) mining complex, newspaper O Estado de Sao Paulo reported.

The agreement, to be signed on Thursday, will include the construction of a 845 million square meters tailing dam, which will be one of the largest in Brazil, according to the report.

That “mega-dam” would be some 70 times bigger than the tailing dam that collapsed at Vale’s site in the Minas Gerais town of Brumadinho in January, which resulted in the deaths of more than 240 people.

Tailings are the muddy waste produced in mining for iron ore and other minerals. The waste is often contained within a dam built using a variety of methods.

Sul Americana de Metais insists the model is safe, according to the report.

Categories: Investments, Brazil, International.

Tags: Brazil, China, Chinese mining group, Honbridge Holdings, Minas Gerais, mining complex, Sao Pablo.

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Brasileiro
Countries partner to mutually benefit from specific economic, social and technological conditions. Brazil will always be open to the world!

https://www.youtube.com/watch?v=AF7WCpDysys
Sep 17th, 2019 - 02:46 pm 0
:o))
@Brasileiro

REF: Brazil will always be open to the world

As long as expenses [waste+stealing] are ALWAYS going to be much more than the income, the only practical solution may be a final awakening of the masses which will NEVER happen! So brace yourself and tighten your belt further!
Sep 23rd, 2019 - 02:48 pm 0
Brasileiro
@Caveira

The life of us Brazilians has never been easy. With the current government that murders children I believe it will be much worse. So for the first time I agree with you: the masses need to wake up!
Sep 23rd, 2019 - 07:51 pm 0

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