Lithium Ionic advances project financing with LOI for $266m
The funding represents 100% of the capital expenditure outlined in a May 2024 feasibility study.
Brazilian mining company CSN said on Wednesday that it expects to reach total iron ore volumes of between 36,000 and 37,000 kilotonnes in 2021, between third party purchases and production.
The firm, formally Cia Siderurgica Nacional SA, added that it expected capital expenditure on mine expansion projects to reach 560 million reais ($101 million) this year.
It added that it expected 2021 C1 iron ore extraction costs, which typically include only direct costs such as labor, to come to $19 per tonne.
($1 = 5.55 reais)
(By Gram Slattery; Editing by Ramakrishnan M.)
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