State owned Chinese mining firm East China Mineral Exploration and Development Bureau (ECE) has announced it will invest in Brazil’s Itaminas iron ore mine for $1.2 billion according to Reuters.
The Brazil investment by the China firm is a purchase directly from mine owner Bernardo de Mello.
While the Brazil investment is expected to produce 25 million tons per year and hold an estimated 1.3 billion tons of iron ore reserves, the mine also carries $400 million in debt.
Invitation: Online debate on India-Brazil- South Africa (IBSA) Policy Dialogue Forum
In partnership with the Ideas for Development blog, the International Policy Centre for Inclusive Growth (IPC-IG) is launching an online debate that will contribute with inputs for the forthcoming IBSA Academic Forum, which will be hosted by IPC-IG on 12-13 April in Brasilia, Brazil.
We invite you to participate in this discussion and reflect about the following issues:
- What is the role of the emerging countries in shaping world politics?
- How can India, Brazil and South Africa strengthen cooperation in key issues on the global agenda?
- In which ways an improved policy dialogue among developing countries can contribute to the implementation of effective policies towards the achievement of inclusive growth and human development?
Join us at: http://www.ideas4development.org
We also invite you to visit the IBSA Academic Forum website, where you can find interesting papers, resources and breaking news. Visit: http://www.ipc-undp.org/ibsa