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CVRD Unveils World's Largest Mining Complex In Brazil

Oct. 6, 2006

By 2008 mine could be producing up to 30 million tons of iron ore a year.

Set to produce up to 30 million tons of iron ore a year in 2008, Brazil's mining company CVRD has unveiled the world's largest mining and processing complex. Dubbed the Brucutu Project, the facility opened Oct. 5 in the southeastern Brazilian town of Sao Goncalo do Rio Abaixo, in Minas Gerais state. Its initial output will be 12.2 million tons of iron ore a year. CVRD, the world's biggest iron ore producer, invested $1.1 billion in the massive project.

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