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Cosan and Grupo Paulo Brito JV to acquire Sao Luis port

Cosan Group, a Brazilian energy and logistics company, has formed a joint venture with Grupo Paulo Brito to enter the mining industry. Through the JV, the partners will own exploration rights in three mineral projects in northern Brazil, in the state of Para, near Paraupebas.

As part of the agreement, Cosan’s subsidiary Atlântico will acquire the Sao Luis Port Company in Maranhão for $134m from China Communications Construction Co., then transfer ownership of the port to the JV. The port will be used in transporting iron ore.

The integrated mining and logistics JV plans to commission its first mineral project in 2025.

Cosan said in a press release, “Exploration activities will comply with the highest environmental and safety standards, in line with our sustainable capital allocation commitments and supported by the ‘EESG’ principles of Cosan Group.”

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
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