Timeline
Copper discovery in Bahia
Caraíba Metais is founded (mining and smelting operations)
BNDES assumes control of Caraíba Metais
Open pit mining operations commence
Underground mining operations commence
Caraíba Metais is divided into Mineração Caraíba S.A. (“MCSA”), the mining arm, and Caraíba Metais, the smelting arm, which was later privatized and eventually renamed Paranapanema
MCSA is privatized under Brazil’s National Privatization Program
MCSA acquires the mining rights of NX Gold in June, today known as the Xavantina Operations
MCSA acquires the mining rights for the Boa Esperança Project, today known as the Tucumã Operation
Construction of the Xavantina Mine commences in the second half of the year
Construction of the Xavantina mine successfully completed with first bullion sold in May
MCSA and NX Gold enter judicial reorganization in February
Ero Copper acquires MCSA and NX Gold in December
Construction of the Vermelhos underground mine commences at the MCSA Mining Complex, today known as the Caraíba Operations, in April
Ero Copper IPOs on the TSX in October
Vermelhos underground mining operations commence at the Caraíba Operations in September
Ero Copper begins trading on the NYSE in June
Construction of the Tucumã Project commences in February
Ero Copper successfully completes inaugural US$400M Senior Note issuance with Goldman Sachs in January
Construction of the external shaft at the Caraíba Operations commences in the first quarter
Construction of the Tucumã Project successfully completed with first copper concentrate produced in July
Ero Copper enters into a partnership with Vale Base Metals on the Furnas Copper-Gold Project in the Carajás Mineral Province in July
The Phase 1 Drill Program at the Furnas Copper-Gold Project commences in October
Commercial production is achieved at the Tucumã Operation in July
The Phase 1 Drill Program at the Furnas Copper-Gold Project is completed in July