- Overview
- OVERVIEW OF PROJECTS
- Brazilian Projects
- CrixÁs Hub, Gold
- PREMIER
- BAU
- O CAPITAO
- GUARINHOS
- PANTERA
- AmapÁ Hub, Iron Ore
- PORTO GRANDE
- Chilean Projects
- Canela Hub
- About South America
- MINING IN BRAZIL
- MINING IN CHILE
Amapá Hub, Iron Ore
The recently acquired Porto Grande project is the cornerstone of the Amapá Hub. The Company will expand its presence in this region with other ferrous metals projects that conform to Cleveland’s acquisition requirements.
Amapá is coastal, pro-mining, subject to sound legislation and taxation, and is politically stable, whilst having good infrastructure and access to low cost, yet skilled labour – all in association with high-grade iron ore.
The first mining companies working in Amapá appear to be progressing well. Anglo American produced approximately four million tonnes of iron ore within the region last year and has brokered an iron ore off-take agreement with ASX-listed Beadell Resources, who have themselves delineated a multi-million ounce gold resource. Vale and Cliffs are also working in close proximity to Cleveland.
A discretely-managed Iron Ore Division will be formed to manage the Amapá Hub to avoid compromising on the Crixás Hub and Central West Hub projects.
The Company’s Board will oversee all three hubs.