In A Transaction Involving Over R$ 6 Billion, Owner Of Multinational JBS, The World's Largest Meat Producer, Buys Iron And Manganese Mines From Vale And Enters The Mining Market In Brazil

In A Transaction Involving Over R$ 6 Billion, Owner Of Multinational JBS, The World’s Largest Meat Producer, Buys Iron And Manganese Mines From Vale And Enters The Mining Market In Brazil

Written by Flavia Marinho

Published on 07/04/2022 at 15:59

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‘JBS of Mining’ Goes from Paper to Reality: J&F Investments Finalizes Billion-Dollar Purchase of Vale’s Manganese and Iron Mines in Mato Grosso do Sul

According to IG Economics, J&F, the company that controls the multinational JBS – the largest meat producer in the world, has finalized a billion-dollar deal to buy iron and manganese mines from Vale in Mato Grosso do Sul. The transaction, worth about US$ 1.2 billion, marks the entry of the holding company owned by brothers Joesley and Wesley Batista into the mining sector.

The holding controlled by the Batista brothers already encompasses the pulp producer Eldorado, Banco Original, the payment institution PicPay, and Flora, which owns the cleaning brands Minuano and Assim.

With this transaction, the “JBS of mining” begins to become a reality, and this is expected to be just the “first step” for the global meat processing giant to become a player in this new sector.

ARTICLE CONTINUES BELOW

Corumbá Mine Produced 2.7 Million Tons of Iron Ore, the Main Raw Material for Steel Production, as Well as 200,000 Tons of Manganese

According to the mining company, last year, the Corumbá mine produced 2.7 million tons of iron ore, the main raw material for steel production, as well as 200,000 tons of manganese, used in several applications, including as ferroalloy used as input by steel mills.

Vale aims to focus on iron ore production in two regions: the South, in Minas Gerais, with operations in several mines and facilities for processing fines and iron pellets, and the North, in the vast Carajás reserve in the southern part of Pará State.

In this location, the company explores the giant S11D mine, which produces over 100 million tons per year.

However, regarding the transaction, Vale limited itself to reiterating Friday’s statement, while J&F did not comment on the matter.

J&F is the Majority Shareholder of the Eucalyptus Pulp Producer in Mato Grosso do Sul, Eldorado Brasil.

As mentioned above, it is important to note that, in addition to controlling the largest animal protein producer in the world, J&F is the majority shareholder of the eucalyptus pulp producer in Mato Grosso do Sul, Eldorado Brasil.

In this venture, where it owns 50.6% of the capital, for almost four years J&F has been involved in a legal dispute over the control of the pulp producer with partner Paper Excellence (PE).

In A Transaction Involving Over R$ 6 Billion, Owner Of Multinational JBS, The World’s Largest Meat Producer, Buys Iron And Manganese Mines From Vale And Enters The Mining Market In Brazil

‘JBS of Mining’ Goes from Paper to Reality: J&F Investments Finalizes Billion-Dollar Purchase of Vale’s Manganese and Iron Mines in Mato Grosso do Sul

Corumbá Mine Produced 2.7 Million Tons of Iron Ore, the Main Raw Material for Steel Production, as Well as 200,000 Tons of Manganese

J&F is the Majority Shareholder of the Eucalyptus Pulp Producer in Mato Grosso do Sul, Eldorado Brasil.

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In A Transaction Involving Over R$ 6 Billion, Owner Of Multinational JBS, The World’s Largest Meat Producer, Buys Iron And Manganese Mines From Vale And Enters The Mining Market In Brazil

‘JBS of Mining’ Goes from Paper to Reality: J&F Investments Finalizes Billion-Dollar Purchase of Vale’s Manganese and Iron Mines in Mato Grosso do Sul

Corumbá Mine Produced 2.7 Million Tons of Iron Ore, the Main Raw Material for Steel Production, as Well as 200,000 Tons of Manganese

J&F is the Majority Shareholder of the Eucalyptus Pulp Producer in Mato Grosso do Sul, Eldorado Brasil.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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