The fourth-largest bauxite deposit in Pará State, Brazil, is expected to set a new course for Brazilian mining history. Mineração Rio do Norte (MRN) has announced that the discovery is of key strategic importance and the operations are soon to begin in the following years.
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MRN has greenlit its New Mines Project on this major bauxite deposit spanning Oriximiná, Terra Santa, and Faro in Pará state. The initiative will receive an investment of BRL 5 billion, and Ibama has granted it preliminary environmental licenses. Its primary aim is to meet the rising demand of industries by boosting the global supply of durable, lightweight and fully recyclable aluminium too.
The new deposit is expected to operate for an estimated 15-year span, providing a steady supply of bauxite for critical sectors like packaging, automotive, and renewable energy. This marks a pivotal move for MRN in placing itself on the world stage.
The announcement was made at a high time, with the 2025 market of the country already registering higher export volumes and improved company performance in the sector. The company expects that "the new deposit should further expand Brazil's participation in the international bauxite and aluminium market," and the trade balance will be strengthened.
The project promises significant regional growth in Pará, a mining powerhouse, leading to job creation, infrastructure boost and local business. It is anticipated to solidify the role of Pará in the global supply chain and Brazil in reinforcing its presence in the minerals sector, with its focus on high exports and productive expansion.
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