Cedro Wins Environmental Approval for R$3.6bn Porto do Meio Terminal
Belo Horizonte – October 15, 2026 -- Cedro Participações has cleared the main regulatory hurdle for Porto do Meio, a R$3.6 billion iron ore terminal planned at the Port of Itaguaí in Greater Rio de Janeiro. The State Environmental Control Commission (CECA) approved issuance of the Integrated Environmental License (LAI) on Tuesday, October 13.
The company describes the decision as the project's most significant milestone so far. It confirms the terminal's environmental feasibility and allows Cedro to move into the next project phases.
License covers initial handling volumes below 15 million tonnes per year
In this first phase, the license covers throughput of less than 15 million tonnes annually. Cedro won the federal auction for the ITG02 area in December 2024 and signed a 35-year lease, renewable for an equal period.