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Tanac receives €15.4m in funding for pellet project

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Published in issue 40/2015
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The Brazilian Development Bank (BNDES) has granted Tanac S.A. based in Montenegro, Brazil, BRL59.4m or €15.4m in funding to build a pellet plant with a capacity of 400,000 tonnes in Rio Grande. This funding will cover 39.5% of the total investment cost. Work to build the facility began in October 2014; it is ...

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