{
  "id": 8131391,
  "title": "ACS enters a mining deposit in Brazil with a 400 million investment",
  "url": "https://urgent.news/2026/09/17/acs-entra-en-un-yacimiento-minero-en-brasil-de-400-millones-de",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-17T22:53:55.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/empresas/construccion-servicios/2026/09/18/6aac6e44468aeb450a8b4577.html"
  },
  "original_language": "es",
  "account": "Australian mining company Viridis Mining has partnered with a consortium led by Sedgman, a subsidiary of ACS (Cimic) and Brazilian engineering firm Blossom Consultoria, to develop the Colossus project in Minas Gerais, Brazil. This project is a key investment of 400 million euros for the company, which aims to contribute to the diversification of critical mineral supply chains and support the growing demand for materials essential to renewable energy technologies and advanced manufacturing.\n\nThe Colossus project, located in Poços de Caldas, is expected to begin extraction and processing of rare earth minerals around 2028. Initial design estimates have allocated 3 million dollars for the first phase, with a total budget of 120 million dollars already secured for the project. The processing plant is designed to handle five million tons per year, and it is projected that the mine will produce an average of 9,500 tons per year of total rare earth oxide (Treo) and 3,500 tons per year of magnetic rare earth oxide (Mreo) over its 20-year operational life.\n\nNet present value of the mine, according to the latest feasibility study, is estimated at 1.410 million dollars. ACS is involved in providing services for the mining industry and promoting projects related to the processing of critical minerals and rare earths.",
  "summary": "Australian mining company Viridis Mining has selected the consortium formed by Sedgman, the Australian subsidiary of ACS (Cimic), and its Brazilian engineering supplier Blossom Consultoria as provisional contractors for the engineering, procurement, construction and management (EPCM) contract for the Colossus Rare Earths project, in the state of Minas Gerais (Brazil).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}