Minas-rio in brief
Located in the Brazilian state of Minas Gerais, Minas-Rio is a fully integrated export iron ore operation, comprising mine, beneficiation plant, a 529km pipeline and dedicated export facility at the port of Açu.
First ore on ship (FOOS) was achieved on 25 October 2014, ahead of schedule and with total project capital expenditure expected to be $0.4 billion below the revised budget of $8.8 billion.
Despite the project’s complexity and logistical challenges, Minas-Rio achieved an exceptional safety performance with very low lost time injury rates compared to other projects of similar scale.
The ramp up schedule continues and is expected to reach design capacity during the second quarter of 2016.
We own 100% of Minas-Rio, with exception of the port facility, in which we own 50%.
