In Brazil, Gerdau also produces flat steel and iron ore for its own use. Gerdau also has a new business division, Gerdau Next, which fosters entrepreneurship in segments adjacent to the steel industry. ... (Worldsteel). By 2031, Gerdau's target is to reduce its carbon emissions to 0.82 t/CO₂e per tonne of steel. Gerdau is a publicly traded ...

Gerdau will invest in its Miguel Burnier mine in the Ouro Preto district, with an estimated annual iron ore production capacity of 5.5 million tonnes (t). The mine is …

Brazil steelmaker Gerdau, which recently announced it could increase its iron ore output by 116 percent, may now scale down its plans, according to ...

The mining unit of Brazil s Gerdau shipped 1.7 million mt of iron ore in the second quarter, 94% above the year-ago quarter, but down 13% from the 2 million mt shipped in Q1, the company said Wednesday.

Brazilian steelmaker Gerdau SA on Wednesday signaled it may scale back plans to expand its iron-ore mines as prices for the commodity hover near five-year lows.

Brazil's Gerdau group announced the certification by SRK Consulting of a volume of 138 million mt of proved iron ore reserves in its Miguel Burnier mine, located …

Brazil's Gerdau group announced the certification by SRK Consulting of a volume of 138 million mt of proved iron ore reserves in its Miguel Burnier mine, located in the Brazilian southeastern state of Minas Gerais.. The certification includes 338 million mt of probable reserves, which were calculated by SRK under guidelines issued by the US …

The mine produced an estimated 24.1 MTPA of iron ore in 2020. The mine will operate until 2075. 5. Itabira Mining Complex. Owned by Vale, the Itabira Mining Complex is a surface mine located in Minas Gerais. It produced an estimated 23.913 MTPA of iron ore in 2020. The mine will operate until 2031. Methodology:

Gerdau S.A.'s ratings reflect the continued strength of the company's market position, capital structure, long tenor maturity schedule and liquidity profile. ... the U.S. Furthermore, a BRL3.2 billion investment program between 2023 and 2026 targets the development of high grade iron ore (65%) to reduce pellet consumption, and enable the ...

The Initiative for Responsible Mining Assurance (IRMA) announces the commencement of a third-party independent assessment of the Minas-Rio iron ore mine against the IRMA Standard for Responsible Mining.The Minas-Rio mine, located north of Conceição do Mato Dentro in the state of Minas Gerais, Brazil, is operated by Anglo …

Gerdau goes it alone with new iron ore investment plan. Gerdau has set up a new iron ore strategy on a 117% increase in its captive mineral resources in Brazil's southeastern Minas Gerais state Measured, Gerdau's core business is to transform steel scrap and iron ore into steel products Gerdau is a leading producer of long steel in the Americas and …

Brazilian steel producer Gerdau announced investments of BRL 3.2 billion ($665 million) to increase the iron ore production of its Miguel Burnier mine, from 1.2 …

The surface mine produced an estimated 51.62 mtpa of iron ore in 2023. The mine will operate until 2035. Buy the profile here. 8. Kings Valley Mine. The Kings Valley Mine is a surface mine located in Western Australia, Australia. Owned by Fortescue, the greenfield mine produced an estimated 51.29 mtpa of iron ore in 2023. Buy the …

Brazilian steelmaker Gerdau SA said on Thursday it will invest 3.2 billion reais ($666.64 million) by 2026 in a new sustainable mining platform in the Minas Gerais state, a bid to boost its iron ore output while reducing emissions.

Gerdau's Açominas steelworks will consume 7-7.5 million tpy of the iron ore produced in Minas Gerais, while the surplus will be sold on both the Brazilian and international markets. Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and new …

The Sishen iron ore mine in South Africa has commenced an independent 3rd-party audit against the IRMA Standard for Responsible Mining. ... 28 Aug onsite audit for Gerdau's Várzea do Lopes Mine 1 August 2023. Audits. Auditoria de campo independente de acordo com a Norma IRMA para Mineração Responsável, Mina Miguel …

SAO PAULO, June 15 (Reuters) - Brazilian steelmaker Gerdau SA said on Thursday it will invest 3.2 billion reais ($666.64 million) by 2026 in a new sustainable mining platform in …

The mine produced an estimated 29.5 mtpa of iron ore in 2023. The mine will operate until 2041. Buy the profile here. 5. Paraopeba Mining Complex. Owned by Vale, the Paraopeba Mining Complex is a surface mine located in Minas Gerais. It produced an estimated 23.67 mtpa of iron ore in 2023. The mine will operate until …

Brazil-based steel producer Gerdau plans to reach a 24 million metric ton iron ore processing capacity by 2020, the company said on Tuesday in a filing to Comissao de Valores Mobiliarios (CVM), the country's market regulator.. Last year, the company announced it would expand its mining activities as well as its flat products distribution in …

Gerdau will invest R$3.2 billion in a new sustainable mining platform in Minas Gerais between 2023 and 2026. The portion of investment for 2023 is already included in CAPEX disclosed for the current year and is following the cycle of investments in the state in recent years, focusing on modernization, technology updates, improved …

Gerdau, a Brazilian steel producer, has announced a significant investment of R$3.2 billion ($665 million) to enhance iron ore production at its Miguel Burnier mine. The goal is to increase annual production from 1.2 …

Further, it operates mines that produce iron ore located in the Brazilian state of Minas Gerais. The company sells its products through independent distributors, direct sales from the mills, and its retail network. Gerdau S.A. was founded in 1901 and is …

Miguel Burnier is a closed iron ore mine owned by Gerdau that used to supply most of its output to the Ouro Branco steel mill. $2,250. Asset Report Paraopeba (Southern System) iron ore mine. 12 July 2024. A Vale mine complex with 6 operating mines. Output comes from own production and purchases for the export market and …

Steel Minerals Pipeline Mining Companies Commodities Tailings Iron ore Capex Show 2 More Hide 2 Topics With your subscription you will have access to key information about: 31,000+ projects in ...

Brazilian Gerdau to quadruple iron ore production at Miguel Burnier. The company aims to ramp up annual output from 1.2 million tons to 5.5 million tons by early 2026, and to achieve this goal, it plans to invest approximately $665 million (equivalent to 3.2 billion reais) in the mine.

The new platform will raise the production capacity of Gerdau's Miguel Burnier mine to 5.5 million metric tons of iron ore per year and is scheduled to start operating at the end of 2025 ...

Brazil's Gerdau SA will invest $667 million in brownfield expansion of its Miguel Burnier iron ore mine. The company said the expansion would be "sustainable" …

A consulting firm hired by Brazilian mining company Vale to help with its chief executive succession process has presented its board of directors with 15 potential candidates, local newspaper O ...

Gerdau has two iron ore mines in Minas Gerais, that supply the Ouro Branco integrated mill. In line with Gerdau's commitment to be part of the solutions to society's challenges …

Gerdau's principal risks are based on iron ore and energy prices, Brazil's economy, and potential macro headwinds. Energy is one of the significant expenses in steel production.