Hong Kong Hung Kiu The company plans to build a 420 km long in Brazil, Minas Gerais mines destined for port iron ore line to the Atlantic coast.
 
The person in charge of the project needed $ 600 million of funds, the total cost will reach $ 4.2 billion.
 
Brazilian industrial group operating in April 2010, to $ 390 million sold to Hong Kong Honbridge Group SAM project will export 25 million tons of iron ore annually to China and other countries steel.
 
The HONBRIDGE project plan is currently a lot of iron ore, one of these projects is expected to make the Brazilian iron ore exports from 320 million tons in 2011 to grow to 450 million tons in 2015, an increase of 40%.
 
The HONBRIDGE in April 2011 signed an agreement with China's largest steel producer, Shougang Group will provide 10 million tons of iron ore accumulated in 15 years. As a state-owned enterprises of Shougang Group also agreed to pay $ 1.5 billion in advance funding to help the construction of new projects.



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