Brazil Iron and CBPM Partner to Advance $5 Billion Green Iron Project in Bahia

Brazil Iron has formalized a strategic partnership with the Companhia Baiana de Pesquisa Mineral (CBPM), strengthening its commitment to responsible mining and regional development in Bahia. This collaboration will support the advancement of Brazil Iron’s $5 billion green iron project in Piatã, ensuring that the initiative aligns with the interests of local communities and the state.

CBPM, a state-owned entity with over five decades of geological expertise, will act as a consultant for Brazil Iron, facilitating regulatory processes, supporting community engagement, and ensuring that the project contributes meaningfully to Bahia’s sustainable economic growth. CBPM President Henrique Carballal emphasized the institution’s evolving role: “We are embracing a new philosophy, moving beyond mineral research to actively support the development of mining projects that align with Bahia’s economic and environmental goals.”

The project is expected to generate tens of thousands of direct and indirect jobs and contribute tens of billions in tax revenue, fostering infrastructure, education, and local industry. Emerson Souza, Brazil Iron’s Vice President of Institutional Relations, highlighted the importance of the partnership: “CBPM has provided invaluable insight, helping us refine our approach to ensure that our project delivers not only economic value but also social and environmental benefits.”

This collaboration underscores Brazil Iron’s dedication to responsible mining and sustainable industrial development in Bahia. The company remains committed to working alongside local and state institutions to drive economic progress while upholding the highest standards of environmental and social responsibility.

For more details, the full article is available here: CBPM e Brazil Iron fecham parceria para viabilizar projeto de US$5 bilhões