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

Jazida de ferro na mina de gongo soco da Vale – Por Vale

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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.

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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.

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

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A man went to the supermarket in China with the salary of a single day’s work, and what he put in the cart will make any Brazilian question why they pay so much to eat so little.

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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.

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

Astronomers discover black hole wind traveling at 323 million km/h, a speed equivalent to 30% of the speed of light and considered a record.

China has deployed snake-shaped robots to slide along power lines, where they have already inspected over 130 kilometers of cables using cameras and sensors to detect damaged wires, worn-out parts, and overheating.

The La Galerie Nortis, a real estate launch by developers Cyrela and Nortis in Moema, São Paulo, arrives with apartments featuring 4 suites ranging from 283 to 416 square meters, an estimated gross development value of R$ 765 million, and the proposal to redefine the high standard in the region.

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A man went to the supermarket in China with the salary of a single day’s work, and what he put in the cart will make any Brazilian question why they pay so much to eat so little.

While scientists test giant balls on the seabed, a startup wants to sink concrete and steel tanks held by cages filled with stones up to 700 meters deep to transform compressed air into an invisible underwater battery.

Former NASA engineer transforms drones into “seed helicopters” capable of firing 300 balls per minute, targeting degraded areas with half-meter precision, and planting up to 40 million trees per year in a new race for aerial reforestation.

The La Galerie Nortis, a real estate launch by developers Cyrela and Nortis in Moema, São Paulo, arrives with apartments featuring 4 suites ranging from 283 to 416 square meters, an estimated gross development value of R$ 765 million, and the proposal to redefine the high standard in the region.