Brazilian miner Bahia Mineracao wins Fiol railway concession

04/08/2021 | 01:48pm

SAO PAULO, April 8 (Reuters) - Brazilian miner Bahia Mineracao won a government auction on Thursday for a concession to operate a segment of the East-West Integration Railway (Fiol), which will allow the company to more easily ship iron ore from its mine to a coastal port.

Bahia Mineracao, a subsidiary of Kazakhstan's Eurasian Resources Group, was the only participant in the auction and won with the minimum bid, paying 32.7 million reais ($5.9 million) to the government for the right to operate the railway.

($1 = 5.5459 reais) (Reporting by Aluisio Alves Writing by Jake Spring Editing by Chris Reese)

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