Posse production to ramp up with environmental license
ASX-listed explorer Crusader Resources has progressed towards full production rights at its newest mining venture, the Posse Iron Ore project, after receiving a full environmental licence for the Brazil-based project. Lying 30km from Belo Horizonte in the country’s east, Posse Iron Ore has operated under a trial mining licence since opening in March which restricted throughput at the mine to 300,000 tonnes of ore per annum. However, six weeks after the mine’s first production, Crusader was granted a combined preliminary and installation licence for environmental approval of its 100 per cent owned iron ore project by Brazil’s Minas Gerais State Environmental Council, COPAM, enabling it to apply for complete mining rights and ramp-up production to full capacity. All key infrastructure…