Antaq gives thumbs-up to new Ferrous port

Brazil’s National Waterways Transport Agency (Antaq) has authorized Ferrous Resources do Brasil to build a private terminal at Presidente Kennedy, in the south of the state of Espirito Santo. This follows extensive feasibility and economic viability studies. Now it requires a positive environmental impact assessment after which construction work can begin.
In its initial phase, the terminal expects to handle 25mt (million tonnes) of iron ore annually, later to potentially increase to 50mt.
Ferrous is also seeking a partner in the venture, which will encompass not just the port but also the mineral duct linking it to the mines. The overall project has a budget of $6 billion.