Centaurus Minerals (ASX:CTM) has announced it received the necessary mining licenses for its Jambreiro iron ore project in Brazil. This is obviously very important news as this will very likely make it easier for the company to secure funding for the Jambreiro project. Centaurus plans to start with a 1Mtpa operation which will be expanded into a 3Mtpa operation. This expansion could be paid for by internally generated cash flows.
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Disclosure: The author holds no position in Centaurus Minerals. Please see our disclaimer for current positions.
