Brazil Kazakh-backed mining startup in talks with JV partners

A Brazilian iron-ore startup backed by a Kazakh mining company is in talks with several potential joint venture partners who would help finance a $2.6-billion mine project, its CEO said on Tuesday.

Bamin, backed by unlisted global mining and metals group Eurasian Resources Group, is talking to a consortium comprising three different Chinese companies, CEO Eduardo Ledsham told Reuters, confirming earlier media reports.