Brazil’s S11D iron-ore mine a reality check for Australian politicians – CME

The Western Australian Chamber of Minerals and Energy (CME) has warned that the commercial start of the $19.7-billion Eliezer Batista S11D iron-ore mine, in Brazil, is a reality check for Australian politicians looking to use the sector as a “bottomless cash cow”. CME CEO Reg Howard-Smith said on Tuesday that commercial operations at the world’s largest iron-ore mine was expected to start this month, with mining giant Vale taking advantage of Brazil’s lower-cost taxation and royalty regime.