A senior executive of the company said that the new mine in Brucutu, Minas Gerais, will have an annual capacity of 30 million tons. He further explained that the mine will be commissioned for a period of time before it is officially put into production, and the trial operation will begin before the end of this year. He expects the mine to produce 7 million tons of iron ore this year and will achieve full-scale production next year.
According to the director, Brucutu is the most productive mine in all iron mines to date.
Usually the initial capacity of iron ore mines is low, and only through years of expansion can we gradually increase production capacity.
CVRD is the world's largest iron ore producer and exporter, the second largest manganese and iron alloy manufacturer, occupies 11% of the international market share. Its iron ore production accounts for 80% of Brazil's national production.
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