Ausenco successfully completed definitive engineering and was awarded an EPCM contract for the Corumbá Expansion Project.
The contract consisted of iron ore beneficiation and transportation of 10 Mt/y from the mine near Corumbá, Brazil to capesize ships anchored in the Río de la Plata, Uruguay.
The Corumbá Project Assets were sold to Vale in 2009. EPCM commenced but was not completed.
In December 2014, it was announced that Vetorial Siderurgia, a subsidiary of Vetria, holds the mining rights and is the current owner of the Corumbá mine. Vetorial Siderurgia is currently waiting for the government's authorisation and permits to be approved to continue with operations at the Corumbá mine and work on its expansion.