viewSouth American Ferro Metals

South American Ferro Metals transitions to full production at Ponto Verde iron ore project


South American Ferro Metals (ASX: SFZ) production levels have hit 125,000 ROM tonnes per month at the company's flagship Ponto Verde iron ore project in Brazil.

This equates to annual production of 1.5 million ROM tonnes per year - which is equiValent to the mining license.

What is so important about the ramp-up in production is that it comes four month ahead of schedule, with the milestone previously targeted for the end of 2011.

The company said that forward mine planning and pre-stripping facilitated the ahead of schedule delivery.

About Ponto Verde

South American Ferro Metals wholly owns the mineral and property rights of the project, which is located in the heart of the Iron Ore Quadrilateral in Brazil – which is a prolific iron ore mining area.

Importantly, the company's operations are in close proximity to established mining operations such as Vale (NYSE: VALE) and Gerdau (NYSE: GGB), which includes iron and steel plants and existing infrastructure.


Quick facts: South American Ferro Metals

Price: - -

Market: ASX
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: RPM Automotive announces key appointments and growth...

RPM Automotive Group Ltd (ASX:RPM) managing director Clive Finkelstein and newly appointed non-executive director Alex Goodman update Proactive on a number of key appointments to the board since the company listed on the ASX late year. The MD spoke about the key successes and challenges...

1 hour, 59 minutes ago

2 min read