BC and Cleveland to Mine Iron Ore in Brazil

摘要

The two ASX-listed companies BC Iron and Cleveland formed a strategic alliance in August last year to acquire iron-ore projects in Brazil. The miners have signed two agreements to earn the rights to acquire up to 80 percent of three separate iron-ore exploration projects in the Brazilian states of Salvador da Bahia and Minas Girais. BC and Cleveland have investigated more than 50 South American iron-ore projects since they formed an alliance nine months ago.