Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  BOLSA DE VALORES DE SAO PAULO  >  Companhia Siderurgica Nacional    CSNA3   BRCSNAACNOR6

End-of-day quote. End-of-day quote  - 05/03
12.9 BRL   -1.83%
02:29a COMPANHIA SIDER : Notice to the Marker - Late Filing of Form 20-F wi..
04/29 COMPANHIA SIDER : Notice to the Market - Election of Usiminas‘..
04/28 COMPANHIA SIDER : Material Fact - CADE Decision
News SummaryMost relevantAll newsSector news 

Brazil's EBX May Join Bidding For New Rio Iron Ore Port -Report

share with twitter share with LinkedIn share with facebook
share via e-mail
05/02/2012 | 06:32pm CEST

Brazil's EBX Group, owned by billionaire Eike Batista, may join the bidding for a new iron ore port area in Rio de Janeiro state, southeast Brazil, O Estado de S. Paulo newspaper said Tuesday, without saying where it got the information.

The port area, known as "Area do Meio" or "Middle Area," is expected to be put up for auction next month by the federally-owned port administrator Companhia Docas de Rio de Janeiro, Estado said.

The Area do Meio is sited at Itaguai between existing ports operated by mining company Vale SA (VALE, VALE5.BR) and steelmaker and mining company Companhia Siderurgica Nacional SA (SID, CSNA3.BR), or CSN. Companhia Docas recently said that the area is to be let out for port development to offer export access to companies producing iron ore at the Serra Azul mountain range in Minas Gerais state, which is linked to Itaguai by a railroad owned by companies including Vale, CSN and steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5.BR. USZNY), or Usiminas.

Earlier this year, Usiminas and steelmaker ArcelorMittal (MT, MT.FR, MT.AE) confirmed that they were in talks to form a consortium to participate in bidding for the port.

EBX group mining company MMX Mineracao e Metalicos SA (MMXM3.BR) is currently developing an iron ore port at Itaguai capable of exporting 50 million metric tons a year of ore.

MMX will look at the details of the Area do Meio tender when the prospectus for the tender is published, the company told Dow Jones Newswires on Wednesday.

According to Barclays Capital, the Area do Meio terminal will entail investments of around 1.5 billion Brazilian reais ($785 million) and still needs to go through the full environmental licensing process.

The port's iron ore handling capacity should reach around 25 million tons a year, in a 25-year renewable concession, according to Barclays.

-By Diana Kinch, Dow Jones Newswires; 55 21 2586 6086; diana.kinch@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
React to this article
02:29a COMPANHIA SIDERURGICA NACIONAL : Notice to the Marker - Late Filing of Form 20-F..
04/29 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Election of Usiminas&lsq..
03/29 COMPANHIA SIDERURGICA NACIONAL : CSN announces 4Q15 and 2015 Results
03/21 COMPANHIA SIDERURGICA NACIONAL : 4Q15 and 2015 Earnings Release Schedule
03/04 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - CSN Successfully Regains..
03/01 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - New Corporate and Invest..
02/23 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - CSN Average Closing Pric..
02/17 EXCLUSIVE : Brazil could waive U.S. dollar to bolster Iran trade - minister
2015 COMPANHIA SIDERURGICA NACIONAL : Notice to the Market - Change in Ownership of R..
News chart
Full-screen chart
Income Statement Evolution
More Financials