Metals Exploration Newsgroup

Location: BRAZIL, CAMPINAS SAO PAULO STATE

Brazilian iron ore 64,5%.
159 billion tons of iron ore in the Tocantins River, Brazil. In the basement of Tocantins may be the largest covert mine iron ore in the country or the Americas. The area begins on the territory of Palmas, in the Serra do Carmo, and extends over the Southeast, to Ponte Alta do Tocantins, covering other municipalities, such as Aparecida do Rio Negro, Mount Caramel and Santa Tereza do Tocantins. It is a deposit, approximately 135 km long by 40 km wide, adding a total area of 6,000 km ˛. It is an estimated wealth of about 159 billion tonnes of ore. St. Bernard mining company Mineral Resources, which owns the bed of iron ore, has invested six years in research and was paralyzed investments in research last year due to the global economic crisis. At a meeting held in Sao Paulo on Saturday (13), between the Governor of Tocantins, Gaguim Carlos Henrique (PMDB) and Tiberius Caesar Menezes Ferreira, a partner company's directors are Bernard Mineral Resources, was right to return to investments in the State . By the numbers already mentioned, the mine exceeds by far than the size of the deposit of iron ore from the Serra de Carajás, in Parauapebas. We are looking for an investor and/or partner in order to excavate and explore the iron ore product which could last 55 years (depending on monthly exploration). The investment amount is US$100 (a hundred) million dollars for 15% partnership share.