Companhia Brasileira de Alumínio (CBA), the largest aluminum producer in Brazil, was expected to complete the feasibility study of the Rondon bauxite project before the end of 2022, and the firm is also seeking partners for this project in Pará.
Luciano Alves, CFO of CBA, said that this project needs 18 months for development or will be being processed until the end of 2022.
The bauxite project is worth R$2 billion, and it will reach an annual production capacity of 18 million tons after three phases of exploration.
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