Cedro advances iron ore terminal project in Itaguaí
Environmental approval allows Cedro to advance development of the Porto do Meio, a project estimated at R$3.6 billion and connected to the rail network of MRS Logística.
Cedro Participações has advanced the environmental licensing process for Porto do Meio, an iron ore terminal planned for Itaguaí, in the state of Rio de Janeiro. The state’s Environmental Control Commission approved the issuance of the project’s environmental license, which is estimated at R$3.6 billion.
The license still depends on the signing of an environmental commitment agreement. Once this stage is completed, the company will be able to move forward with contracting the construction work, which is expected to take approximately three years.
The terminal will be installed on federal land located between port facilities operated by Vale and Companhia Siderúrgica Nacional. The project provides for a connection to the rail network of MRS Logística, allowing ore produced in Minas Gerais to be transported to Itaguaí for subsequent export.
Cedro won the area in a federal auction held in December 2024. The lease agreement, signed in February 2025, has a term of 35 years. The project was designed to handle the company’s own production and may also receive cargo from other mining companies.
The development of Porto do Meio is part of Cedro’s expansion plan in the mining and logistics sectors. The company intends to increase its annual iron ore production in Minas Gerais to 20 million tonnes by 2032, and the terminal is expected to serve as an alternative route for shipping the production to international markets.