Chinese company receives approval for iron ore project in …
Sul Americana de Metais (SAM), a subsidiary of China's Honbridge Holdings, announced that it has received the basic approval for an iron ore project from the Brazilian mining agency ANM, for a mine located in the north of the southeastern state of Minas Gerais.. The project forecasts $2.1 billion in investments in the mining of low-grade ore, with average 20 …