Brazil’s mining and logistics industry to benefit from major infrastructure expansion
Cedro Participações has officially signed a concession contract for the Port of Itaguaí in Rio de Janeiro, marking a significant step in Brazil’s infrastructure and mining logistics. The agreement was formalised last Friday (21) at an event attended by President Luiz Inácio Lula da Silva and Minister of Ports and Airports, Silvio Costa Filho.
The project is set to enhance the country’s mining export capabilities while significantly reducing environmental impact. The company’s Chairman, Lucas Kallas, highlighted the transformative potential of this investment.
Boosting Brazil’s Mining Competitiveness
“This new port terminal will elevate Brazil’s mining sector on the global stage while improving environmental sustainability and infrastructure efficiency,” said Kallas. By shifting logistics from road to port, we will remove 5,000 trucks daily from highways, cutting CO₂ emissions by over 40,000 tons.
Cedro Participações will invest R$3.6 billion in developing a mineral bulk handling and storage terminal, known as “Porto do Meio,” which will span 350,000 square meters and handle 20 million tonnes annually. The project aims to optimise Brazil’s mineral exports, ensuring a more efficient supply chain while minimising transportation bottlenecks.
Beyond logistics improvements, the investment is expected to generate 2,800 jobs during construction and an additional 2,800 once the terminal is operational. Moreover, Cedro’s plans include a dedicated railway branch and terminal, requiring a further R$1.5 billion in private investment.
Government Applauds Private Investment
President Lula commended Cedro’s commitment to national development and Kallas’ leadership in advancing the country’s infrastructure.
“I want to thank Lucas for choosing to invest in Brazil. When someone genuinely believes in progress, you see it in their actions, not just their words,” said Lula. From the moment he came to my office with his vision for the mining sector, it was clear that he is committed to Brazil’s future.
Minister of Ports and Airports, Silvio Costa Filho, emphasised the broader economic benefits. “This marks the most significant port auction ever held in Brazil, with an initial investment of R$3.6 billion. Over time, this will surpass R$10 billion, creating thousands of jobs and stimulating regional growth,” he stated.
Sustainability at the Core of Operations
Cedro Participações is also reinforcing its commitment to environmentally responsible mining through this project. The new terminal will facilitate the export of pellet feed, a premium iron ore product that can reduce steel industry carbon emissions by up to 50%.
“This port is built with sustainability at its core,” said Fabiano Carvalho, Commercial Vice President of Strategy and Projects at Cedro Participações. From its construction to its operations, every aspect will follow the highest environmental standards. Additionally, by enabling the export of high-quality ore to the Middle East and Asia, we support the global shift towards greener industrial practices.
Pioneering Vertical Integration
With this expansion, Cedro Participações becomes the first fully Brazilian-owned iron mining company to establish a direct maritime export channel. Construction is scheduled to begin in 2027, with operations commencing in 2029.
As Brazil continues its push for infrastructure development, Cedro’s investment is expected to redefine the nation’s mining logistics while driving economic and environmental progress.