CSN Unveils Minas Investment

CSN Unveils Minas Investment

Brazil

Brazil's CSN has signed a letter of intent with the Minas Gerais state government for investments of around BRL9.5bn over the next six years, including projects in mining, steel and cement production. Besides expanding its largest mine, Casa de Pedra, to 65m tonnes of iron ore annually by 2011 from 16m tonnes, CSN plans to build a new integrated steel mill with a total annual capacity of 4.5m and an iron ore pelletizing facility, with an annual capacity of 6m tonnes of pellets. In addition, a cl

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