Atlas Critical Minerals plans major iron ore expansion in Minas Gerais
2026-06-25 10:17:25 [Print]
U.S.-based mining company Atlas Critical Minerals is preparing to seek an environmental license to significantly expand iron ore extraction at its Rio Piracicaba project in Brazil's Minas Gerais state, according to local media reports. The company aims to boost annual output from 300,000 metric tons to 1.5 million metric tons.
Atlas CEO Marc Fogassa confirmed that the company is currently in the pre-licensing phase for the proposed expansion, though no specific timeline has been disclosed for the formal submission of the license application.
Looking further ahead, the company also plans to assess the potential installation of an iron ore processing plant at the Rio Piracicaba site. At present, extracted ore is sent to a third-party facility for blending before being sold into both domestic and export markets.
Atlas CEO Marc Fogassa confirmed that the company is currently in the pre-licensing phase for the proposed expansion, though no specific timeline has been disclosed for the formal submission of the license application.
Looking further ahead, the company also plans to assess the potential installation of an iron ore processing plant at the Rio Piracicaba site. At present, extracted ore is sent to a third-party facility for blending before being sold into both domestic and export markets.
