Cedro Participações secures license for 3 6 billion real Brazilian port
Cedro Participações secured environmental approval for its 3 6 billion real Porto do Meio iron ore terminal project in Itaguaí creating 3 000 construction jobs
Belo Horizonte, Brazil - Cedro Participações obtained approval from the State Environmental Control Commission on October 13 for an Integrated Environmental License to develop Porto do Meio, an iron ore terminal in the Port of Itaguaí. This marks a major milestone for the project, confirming its environmental feasibility and allowing Cedro to move forward with construction.
The license covers handling up to 15 million tonnes of ore annually. Cedro secured the ITG02 area and signed a 35-year lease in December 2024. The terminal, set to be completed in three years, will create around 3,000 jobs during construction and employ 256 full-time workers once operational. It will generate approximately R$1.2 billion in municipal tax revenue and provide access to international markets for mid-sized mining companies, bypassing large group terminals.
Porto do Meio's strategic location, between Vale's and CSN's terminals, will bolster Brazil's port and mining sectors.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
