Brazil LLX: May Open Acu Iron-Ore Terminal To Other Cos
24 3월 2012 - 4:35AM
Dow Jones News
Global mining company Anglo American PLC (AAL.LN, AAUKY) and
Brazilian port developer LLX Logistica SA (LLXL3.BR) may open up
their iron-ore export terminal at the port of Acu in southeast
Brazil for use by other Brazilian ore miners, LLX said Friday.
Plans exist to double capacity of the iron-ore export terminal
to 100 million metric tons a year, depending on demand, including
from other ore exporters, according to LLX Chief Executive Otavio
Lazcano.
The port's terminals could be opened up for use by iron-ore
miners in Brazil other than Anglo if plans to rebuild a stretch of
railroad owned by Vale SA (VALE, VALE5.BR) proceed, an LLX
spokeswoman said. This would facilitate port access for miners from
the currently land-locked Serra Azul iron-ore mining area in
Brazil's Minas Gerais state.
"Two iron-ore loading berths, with 40 million to 50 million tons
a year capacity, have already been built at Acu," said Lazcano
during a conference call with analysts Friday. "Plans exist to
double this up to 100 million tons a year, depending on
demand."
Acu's iron-ore terminal is owned by LLX Minas-Rio, a joint
venture between logistics company LLX, with 51%, and Anglo, with
49%. The first two berths, which can accommodate capesize vessels,
are due to start exporting iron ore in the second half 2013 from
Anglo's Minas-Rio iron-ore mine in Minas Gerais state. The mine
will produce 26.5 million tons a year of the steelmaking raw
material in a first phase, which will be transported to Acu port
via a slurry pipe.
Anglo is studying the possibility of eventually expanding
iron-ore production at Minas-Rio up to 80 million tons a year, the
company stated late last year.
LLX's focus, meanwhile, is on "setting up infrastructure to
allow these [mining] companies access to the port," the LLX
spokeswoman said.
Iron-ore producers in the Serra Azul region currently seeking
iron-ore export facilities include steelmakers ArcelorMittal (MT,
MT.AE), Usinas Siderurgicas de Minas Gerais SA (USIM5.BR, USZNY),
or Usiminas, and Ferrous Resources, a mining company owned by U.S.,
UK and Brazilian pension funds.
Studies on setting up a rail link between Acu and the MRS
Logistica railroad, which runs through the Serra Azul region, have
now been completed, showing the project to be viable, Lazcano said.
This project would involve the rehabilitation of part of Vale's
Ferrovia Centro-Atlantica, or FCA, railroad between Campos and
Ambai in Rio de Janeiro state.
Lazcano added that the development of the Acu port is "strictly
on schedule" and that two piers will start operations in the second
half of 2013, shipping oil, iron ore and other cargoes. A total of
2.426 billion Brazilian reais ($1.33 billion) has so far been
invested in the port, which is planned eventually to be Latin
America's biggest.
LLX is controlled by Brazilian billionaire Eike Batista.
Batista's iron-ore mining venture, MMX Mineracao e Metalicos SA
(MMXM3.BR), is currently building an iron-ore export port at
Itaguai in Rio de Janeiro state, to ship iron ore produced both
from its own mines and other producers in the Serra Azul
region.
-By Diana Kinch, Dow Jones Newswires; 55-21-7564-4495;
diana.kinch@dowjones.com
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