Chinese consortium finances Porto Sul deep-water port (linked to projects #62077, #62853, #62856)

In September 2017, the Brazilian state of Bahia, Bahia Mineração (Bamin) (a Brazilian subsidiary of Eurasian Resources Group), and a Chinese consortium agreed to fund the project of the Porto Sul deep-water port. The Chinese consortium is comprised of China Railway Group, China Communications Construction Co., Ltd., and Dalian Huarui Heavy Industry Group. Porto Sul will be a deepwater port located north of the city of Ilhéus, Bahia state. It will be capable of handling up to capesize vessels and will be the export point for Bamin’s iron ore (Minex Forum). This project is linked to project #62077, the overarching project of an MoU worth $2.4 billion between the Bahia government, BAMIN, and the Chinese consortium for the development of an integrated mining and logistics project in Brazil. The other sub-projects of this agreement are #62653, the Pedra de Ferro iron mine; and #62856, the Fiol railway. The projected date of full operation for these projects is 2024 (Bahia State Government).

Additional details

This project is a subproject of #62077, an MoU for the development of a $2.4 billion integrated mining and logistics project in Brazil. Sources vary on what the date of the signing of the MoU is- Metro 1 says it was on September 1st, Mining News says it was September 4th, Minex Forum says it was September 5th.

Number of official sources

3

Number of total sources

8