The Administrative Council for Economic Defense (Cade) approved without restrictions the acquisition by Vale of 15% participation in the Minas-Rio complex, from Anglo Americanaccording to a publication in the Official Gazette of the Union (DOU) this Tuesday (15).
From the businessVale will contribute high-grade iron ore resources from a deposit in Serra da Serpentina (not yet operational), close to the Anglo asset, and will disburse R$157.5 million.
“The Operation also contemplates the possibility of expanding the iron ore flow logistics system if the transportation capacity of the Minas-Rio System ore pipeline becomes insufficient for AA Brasil’s production, as well as developing an additional logistics solution to provide the flow of the additional volume coming from the Serra da Serpentina Project”, said Cade, in its opinion.
Among the logistical options considered, according to Cade, are the use of the Estrada de Ferro Vitória a Minas (EFVM) railway and the EFVM – Porto de Tubarão logistics corridor, both assets belonging to Vale, as well as the construction of another mining pipeline, among others.
When announcing the deal in February, the president of Anglo American in Brazil, Ana Sanches, stated that the operation would not only allow it to extend the useful life of its iron ore operation in Brazil Minas-Rio, but would also provide a range of options logistics that made it possible to double production at the asset in the future.
With an annual production capacity of 26.5 million tons of iron ore, Minas-Rio leads to commodity through an Anglo pipeline in Conceição do Mato Dentro and Alvorada de Minas, in Minas Gerais, to Porto do Açu, in the State of Rio de Janeiro.
