{{short description|Iron mine in Brazil}} '''Minas-Rio''' is an [[iron ore]] mining project in [[Minas Gerais]] state, [[Brazil]].<ref>{{cite web|url=http://www.miningweekly.com/article/minas-rio-ghost-refuses-to-go-away-2010-08-06|accessdate=2010-12-12|title=MINAS RIO GHOST REFUSES TO GO AWAY|date=2010-12-12 |publisher=miningweekly.com}}</ref> It is one of the world's largest mining projects, and is initially expected to export 26.5 million tonnes of iron ore in 2013, through a 525&nbsp;km [[slurry pipeline]] to a port at [[Açu]];<ref>{{cite web|url=http://www.bnamericas.com/project-profile/en/Minas-Rio-Minas-Rio|accessdate=2010-12-12|title=Project Profiles, Minas-Rio|date=2010-12-12 |publisher=bnamericas.com}}</ref> production potential is 53 Mtpa or higher.<ref>{{cite web|url=http://www.investis.com/anglo_report_pdf/AFM-Minas-Rio-FINAL.pdf|title=Anglo Ferrous Metals – Minas Rio Project|accessdate=2010-12-12|date=2009-10-07|publisher=investis.com|archive-url=https://web.archive.org/web/20110718194831/http://www.investis.com/anglo_report_pdf/AFM-Minas-Rio-FINAL.pdf|archive-date=2011-07-18|url-status=dead}}</ref>

The project was bought by [[Anglo American PLC]], which is facing high costs.<ref>{{cite news|url=https://blogs.wsj.com/source/tag/minas-rio/|accessdate=2010-12-12|title=Minas Rio - The Source - WSJ|date=2010-12-12|work=The Wall Street Journal}}</ref><ref>{{cite web|url=http://www.miningmx.com/news/ferrous_metals/minas-rio-costs-soar-again.htm|accessdate=2010-12-12|title=Minas Rio costs soar to $4.5bn|date=2010-12-12|url-status=dead|archiveurl=https://web.archive.org/web/20100803001532/http://www.miningmx.com/news/ferrous_metals/minas-rio-costs-soar-again.htm|archivedate=2010-08-03}}</ref> The mine has certified reserves of 4.6 billion tonnes of [[itabirite]].<ref>{{cite web|url=http://www.investis.com/anglo_report_pdf/AFM-Minas-Rio-FINAL.pdf|title=Anglo Ferrous Metals – Minas Rio Project|accessdate=2010-12-12|date=2009-10-07|publisher=investis.com|archive-url=https://web.archive.org/web/20110718194831/http://www.investis.com/anglo_report_pdf/AFM-Minas-Rio-FINAL.pdf|archive-date=2011-07-18|url-status=dead}}</ref>

There have been delays in starting the project, but in December 2010, Anglo American obtained a key license needed from Brazilian government before mining could start.<ref name="Bloomberg-permit">{{cite web |url=https://www.bloomberg.com/news/2010-12-10/anglo-gets-key-permit-for-minas-rio-iron-ore-site-allowing-building-work.html|accessdate=2010-12-12|title=Anglo Gets Key Permit for Minas Rio Iron-Ore Site, Allowing Building Work - Bloomberg|date=2010-12-12}}</ref><ref>{{cite news|url=https://af.reuters.com/article/investingNews/idAFJOE6B907J20101210|archive-url=https://web.archive.org/web/20101213155835/http://af.reuters.com/article/investingNews/idAFJOE6B907J20101210|url-status=dead|archive-date=2010-12-13|accessdate=2010-12-12|title=Anglo to start building Brazil mine, gets licence | agency=Reuters|date=2010-12-12}}</ref>

The mine began operating and shipping ore in 2014.<ref name="Bloomberg-ebitda">{{cite web |last1=Kayakiran|first1=Firat |title=Anglo's Minas-Rio to Lift Ebitda by $560 Million, Bernstein Says |url=https://www.bloomberg.com/news/articles/2014-10-28/anglo-s-minas-rio-to-lift-ebitda-by-560-million-bernstein-says |date=2014-10-29 |publisher=Bloomberg |accessdate=2015-12-09}}</ref>

==See also== * [[EBX Group]]

==References== {{reflist|2}}

{{Anglo American plc}} {{coord missing|Minas Gerais}}

[[Category:Iron mines in Brazil]] [[Category:Anglo American plc]]