|
Eurasian Resources Group (“ERG” or “the Group”)*, a leading diversified natural resources producer, and its wholly-owned Brazilian subsidiary Bahia Mineração (“BAMIN”), announced that BAMIN has signed a memorandum of understanding (“MoU”) with the State of Bahia and a consortium of Chinese companies to develop a $2.4bn integrated mining and logistics project in Brazil.
The project includes BAMIN’s Pedra de Ferro iron ore mine, the Porto Sul deep-water port and the associated FIOL railway. The MoU signing took place during a bilateral meeting of Brazilian and Chinese businesses and government officials in the presence of the President of the People’s Republic of China, Xi Jinping, and the President of the Federative Republic of Brazil, Michel Temer...
|