Centaurus Acquires New Iron Ore Project in Brazil for Export Business
Monday, 20 June 2011 10:27
International iron ore company Centaurus Metals Ltd advised that it has acquired a portfolio of tenements in south-eastern Brazil known as the Serra do Lontra Project as the initial basis of its strategy to export 1-2Mtpa of high-grade hematite to international markets by mid-2014.
Highlights:
•Serra do Lontra Project to underpin Centaurus’ strategy to initially export 1-2 million tonnes per annum of high-grade hematite to international markets by mid-2014
• Exploration Target of 30 to 50 million tonnes of itabirite ore (grading 35 - 45% Fe)1 expected to beneficiate to a high grade (+64% Fe) hematite product
• Project located within trucking distance to the Brazilian export port of Ilhéus
