Brazilian miner MRN gains preliminary license for bauxite project lifespan extension
Brazilian mining company Mineração Rio do Norte (MRN), a joint venture between Glencore, Rio Tinto, and South32, announced on September 3, 2024, that it has received an initial license from the Brazilian environmental agency, Ibama.
This approval marks a significant step towards extending the operational lifespan of its bauxite mining activities in northern Brazil. The license will enable MRN to continue extracting bauxite, a critical raw material in aluminium production, as the company seeks to maintain and expand its operations in the resource-rich region.
Brazil's position in global bauxite production is noteworthy. It ranks among the top countries. However, as reported by USGS, Brazil's bauxite production stood at an impressive 31 million tonnes in 2023.
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