【Ferro-alloys.com】:Kazakhstan's Eurasian Resources Group has put its Brazilian iron ore miner, Bahia Mineração (Bamin), up for sale, attracting interest from local mining giant Vale.

Bamin is currently developing the Pedra de Ferro iron ore mine, the Porto Sul deepwater port and a section of the west-east integration railway, known as FIOL, which connects the mine in Bahia state to the port.

"The entire project is very good, with the iron ore from this mine being high quality. However, completing the project, including the logistical part, requires a total investment of between US$5bn and US$6bn, and Bamin is having difficulties raising that amount," a source familiar with the matter told BNamericas on condition of anonymity.

• [Editor:Alakay]