Gerdau S Iron Ore Mines

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 Minas …

Brazilian steel group Gerdau has started using what it says is the first gas-powered mining truck in the history of Brazil. The Scania truck will work in the operations of the steel producer at the Varzea do Lopes iron ore mine, located in Itabirito, Minas Gerais, and operated by contractor Fagundes Construcao e Mineracao SA, with the support of Scania …

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" and reduce emissions while boosting output.

27 March 2024 – Today the Initiative for Responsible Mining (IRMA) released the audits of Kumba Iron Ore's Kolomela and Sishen iron ore operations against the IRMA Standard for Responsible Mining. Independent audit firm ERM-CVS assessed both operations at IRMA 75 when measuring their performance against the Standard's best practice social ...

Dividend distribution in the amount of R$ 0.30 per share, equivalent to R$ 619,4 million, to be paid based on 3Q24 results. Share buyback program of Gerdau S.A., by the end of October 2024, 39.6 million shares were repurchased, equivalent to R$ 729.4 million. Additional Information Gerdau S.A. informs t

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 million mt per …

2 iron ore mines. 250,000 hectares of forest base, including eucalyptus plantations and preservation areas. Presence in 7 countries of Americas. +70 stores of Comercial Gerdau. Largest recycler of ferrous scrap in Latin America: every year, Gerdau transforms 11 million tonnes of scrap into steel at its operations in Brazil and the world.

Brazil-based iron and steel maker Gerdau said Tuesday its proposed logistics and mining investments will enable the company to more than double iron ore production within the next six years, to 24 million mt/yr, from the current 11.5 million mt/yr.

The project will rely on the dry stacking method for disposal of of the mining tailings, eliminating the need to use a dam, Gerdau said. "This new sustainable mining platform is also an important initiative in reducing our greenhouse gas emissions, since we will have high quality ore," Gerdau's CEO Gustavo Werneck added in a statement.

US commodity trader Gerald Group will pay Sierra Leone $20 million and cede a 10% stake in an iron ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of ...

SIMEC Mining has received operational approval from the South Australian State Government for the Cook's North and Cook's North West iron ore mining projects near Whyalla. The Cook's North and Cook's North West project will expand and maintain the current SIMEC hematite iron ore Middleback Ranges mining operations providing important ...

Swedish metal and hydrogen company H2 Green Steel (H2GS) said on Wednesday it has signed multi-year deals with miners Rio Tinto and Vale for the supply of iron ore pellets from Canada and Brazil.

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 and reduce emissions while boosting output.Gerdau expects the new platform to raise capacity of the mine, located in the state of Minas Gerais, to 5.5 million metric tons of iron ore per annum....

The Association for Iron & Steel Technology (AIST) is a non-profit entity with 16,600 members from more than 70 countries. AIST is recognized as a global leader in networking, education and sustainability programs for advancing iron and steel technol ... AIST's incomparable network represents decades of experience in the iron and steel industry ...

The Brazilian mining and steel company Gerdau SA announced its intention to invest $666.64 million in new production facilities in the state of Minas Gerais by 2026. By …

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 …

Flexible Operations: Gerdau's production structure consists of 75% electric arc furnaces and 25% integrated blast furnaces with two iron ore mines, enhancing raw material self-sufficiency. Despite rising domestic demand, increased Chinese steel imports (up 29% in 1H24) and ineffective tariffs keep Brazilian steel prices low, with no near-term ...

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 …

It has 8.2 million tons of iron ore stockpiled, with 90% stored at the mine sites – representing a rise of 1.1 million tons in the past six months. This is "higher than we would ideally like ...

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 …

Gerdau's new annual iron ore production capacity of 5.5 million tonnes at the Miguel Burnier mine, located in the Ouro Preto district, is expected to start operations in late 2025. ... The use of a pipeline to carry iron ore also reinforces Gerdau's commitment to sustainable mining practices. Dividends to be paid on August 29 and 30, 2023.

The new annual iron ore production capacity at the Miguel Burnier mine is 5.5 million tons, with operations set to begin at the end of 2025. Gerdau has two mines producing iron ore, Várzea do Lopes and Miguel Burnier. The mines produce the following: sinter feed, pellet feed/concentrated, hematite fines and granulated.

Between August 28 and September 5, 2023, SCS Global Services (SCS) will commence an independent audit of Gerdau's Várzea do Lopes Iron Ore Mine operation to evaluate its performance under the Initiative for Responsible Mining Assurance (IRMA) Standard for Responsible Mining. IRMA is a voluntary assessment system that provides a set of best …

The deal is also a milestone for Vale's new leadership as the firm, one of the world's largest iron ore producers, tries to improve its relationship with the Brazilian government, which has ...

Access reliable research and analysis within and across the metals and mining industry to make strategic, operational and investment decisions. Oil & Gas. Access world-class insight from exploration to end product, with data by assets, country and region. ... Miguel Burnier mine set to boost Gerdau's iron ore production capacity. $2,250 ...

Brazil's Gerdau has confirmed the discovery of 138 million tons of iron ore at the Miguel Burnier deposit in Minas Gerais, with probable reserves of 338 million tons. The discovered reserves will allow the deposit to be mined for the next …

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 a leading cross-commodity price reporting agency (PRA) in the agriculture, forest products and metals and mining markets.

Between August 28 and September 5, 2023, SCS Global Services (SCS) will commence an independent audit of Gerdau's Várzea do Lopes Iron Ore Mine operation to evaluate its performance under the Initiative for Responsible Mining Assurance (IRMA) Standard for Responsible Mining. IRMA is a voluntary assessment system that provides a set of best …

Brazil's Gerdau to invest US$650mn in Minas Gerais mine Bnamericas Published: Wednesday, August 09, 2023 Commodities Tailings Mining Companies Steel Minerals Pipeline Iron ore Capex Show 2 More ...

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 and to have a …