CVRD planning major iron ore expansion

BRAZILIAN mining giant CVRD has joined fellow iron ore majors BHP Billiton and Rio Tinto in sounding out major near-term production capacity increases, with the Brazilian miner flagging a 50% increase to output within four years.

CVRD planning major iron ore expansion CVRD planning major iron ore expansion CVRD planning major iron ore expansion CVRD planning major iron ore expansion CVRD planning major iron ore expansion

In its quarterly conference call last Friday, CVRD chief executive Roger Agnelli said the company was fast-tracking an expansion from its current level of around 300 million tonnes per annum to 450Mt