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Brazilian state could become one of the richest after BILLIONAIRE investment in the mining sector by Itaminas!

Written by Roberta Souza
Published 17/12/2024 às 09:53
iron ore - itaminas - investment - economy
Photo/reproduction: Disclosure

Itaminas' new phase is marked by a powerful combination of technological innovation and environmental commitment, driving sustainability in mining

A Itaminas is about to inaugurate a new era in its operations, with investments of R$ 1,5 billion by 2033. This contribution focuses on modernization of activities, increased production and delivery of a iron ore high quality, essential for the decarbonisation of the steel industry. The presentation of this new phase will take place at the “New Times” event, in Sarzedo (MG), in day December 16, according to the website brasilmineral.

New management and sustainable vision

Under the leadership of Thiago Toscano, the new management of Itaminas aims to align technological progress With environmental responsibility, contributing to global decarbonization goals. Alongside the president, there are Argeu de Lima Geo Filho as Vice President of Operations and Rodrigo Medrado Geo as Vice President of Finance. These leaders intend to raise the iron ore grade of 62,5% to 67%, positioning Itaminas as a strategic partner in the European and Asian markets.

Integrity and Community Commitment Program

In addition to investments in infrastructure, Itaminas will present its Integrity Program, managed by the sector of Compliance, aiming to promote ethics and compliance in all operations. This program reinforces the company's commitment to local community, allocating R $ million 9 for the expansion of public areas in Sarzedo Waterfall Park e R $ million 7,8 for its maintenance. With about 85% of employees residing in Sarzedo, Itaminas stands out as an economic and social pillar in the region, generating more than 700 direct jobs it's almost 2.000 indirect.

Logistics expansion and economic impact

The new phase of Itaminas also includes the construction of a logistics terminal in Sarzedo, expected to be ready by 2029, with capacity to drain 20 million tons annual ore production. This project will not only consolidate Itaminas as a logistics hub in the region, but will also offer infrastructure for other mining companies, generating employment and income during its construction.

Contribution to the mining sector in Minas Gerais

The investments planned by Itaminas symbolize a milestone in the mining sector in Minas Gerais, highlighting the importance of innovation and sustainability. With a focus on decarbonisation of the steel industry, the company reaffirms its commitment to integrating more sustainable and efficient practices, strengthening its position in the global steel market iron ore.

With these initiatives, the Itaminas not only strengthens its presence in the market, but also commits to the sustainable development and economic advancement of the region, promising a prosperous and innovative future for mining.

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Robbery Diniz
Robbery Diniz
19/12/2024 17:44

This channel's hype is already going too far.

Helbertson Baeta Barbosa Domingos
Helbertson Baeta Barbosa Domingos
19/12/2024 21:59

Excellent investment in the mining sector, generating employment and technology for this sector. Congratulations.

David Solomon Valerio
David Solomon Valerio
21/12/2024 15:42

May God bless us, let's go together in this new era, let's go forward

Roberta Souza

Petroleum Engineer, postgraduate in Commissioning of Industrial Units, specialist in Industrial Corrosion. Get in touch to suggest an agenda, advertise job vacancies or advertise on our portal. We do not receive resumes

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