A Rio de Janeiro state environment commission, Ceca, has granted ThyssenKrupp’s Companhia Siderurgica do Atlantico (CSA) 90 more days to operate, as the company’s provisional license expires on April 16.
CSA has been operating under a conduct adjustment commitment term (TAC), in which the steelmaker is expected to meet a series of obligations. The TAC, which works as a provisional license, expires next week, however the Rio de Janeiro state environment authority extended the CSA’s TAC for 90 more days.
During the 90 days, technicians will inspect the mill to check if the TAC requirements were met.
Another local environment authority, Inea, said out of the 86 measures CSA should take, 76 were met by the steelmaker.
Vale, a former partner at CSA, recently sold the 26.87 percent stake it had in the company to ThyssenKrupp for a “symbolic price” as part of Vale’s initiatives to streamline its asset portfolio. CSA is an integrated steel mill complex located in the industrial district of Santa Cruz in the state of Rio de Janeiro that produces slabs.