Wed, 19 Oct2011
BNamericas citing Mr Mathias Heider mineral resources specialist from the minerals production department as saying that Brazil iron ore exports are expected to total BRL 40 billion in 2011
He said "There's an upward trend showing that Brazilian mining in general is going through its best moment ever, adding that the country mineral production value should reach BRL 53 billion to BRL 55 billion in 2011.
He added that Royalties collected by DNPM in January to September totalled a record BRL 1.08 billion. In all of 2010, royalty collections were BRL 1.04 billion."
Royalties collected in September totalled BRL 143 million up by 17.2%YoY. According to national mining association Ibram iron ore exports for the full year are expected to increase by around 12.5% to 350Mt.
Brazil annual iron ore output is expected to more than double from the current 370Mt to 787Mt by 2015.
The projected expansion in iron ore production takes into consideration announced investments of USD 45 billion for the 2011-15 periods. Overall investments in the mining sector are expected to total USD 68.5 billion.
(sourced from BNamericas)
Showing posts with label Brazilian iron ore growth. Show all posts
Showing posts with label Brazilian iron ore growth. Show all posts
Wednesday, October 19, 2011
Wednesday, September 28, 2011
Brazilian iron ore exports rise 11 percent in July
Sept28, 2011
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase), in July this year Brazil's iron ore exports amounted to 23.73 million metric tons, rising by 11 percent year on year.
The share of the world's largest iron ore exporter Vale in Brazil's total iron ore exports in July equalled 93.04 percent, amounting to 22.08 million metric tons, up 14.86 percent year on year.
Meanwhile in the first seven months of 2011 Brazilian iron ore exports rose by 4.76 percent year on year, reaching 157.33 million metric tons.
Vale's share in Brazil's total iron ore exports in the January-July period of this year reached 91.75 percent, amounting to 144.36 million metric tons, up 7.28 percent compared to the corresponding period of 2010.
Tags: iron ore , raw mat , Brazil , South America , Vale , imp/exp statistics , mining
According to the statistics provided by Brazil's National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase), in July this year Brazil's iron ore exports amounted to 23.73 million metric tons, rising by 11 percent year on year.
The share of the world's largest iron ore exporter Vale in Brazil's total iron ore exports in July equalled 93.04 percent, amounting to 22.08 million metric tons, up 14.86 percent year on year.
Meanwhile in the first seven months of 2011 Brazilian iron ore exports rose by 4.76 percent year on year, reaching 157.33 million metric tons.
Vale's share in Brazil's total iron ore exports in the January-July period of this year reached 91.75 percent, amounting to 144.36 million metric tons, up 7.28 percent compared to the corresponding period of 2010.
Tags: iron ore , raw mat , Brazil , South America , Vale , imp/exp statistics , mining
Friday, August 12, 2011
MMX buying iron ore from neighboring mines
Friday, 12 Aug 2011
Brazilian iron ore miner MMX Mineracao e Metalicos SA is buying iron ore from third party suppliers on the Brazilian domestic market to meet demand from its international customers.
Mr Roger Downey CEO of MMX Mineracao e Metalicos SA said that the company bought 70,000 metric tons of high quality iron ore as well as iron ore fines from neighboring miners in Brazil's Minas Gerais state in the second quarter, to meet tight export shipment schedules.
He said that the purchases from neighboring mines were necessary to supplement MMX's own output of the steelmaking raw material. While the company's second quarter record output at 2.2 million tonnes was on target, the purchases were necessary to make up for lost tonnage in the first quarter, when MMX suffered power supply and weather problems.
Mr Downey added that "We'll continue to buy third party ore as there's money to be made there.”
(Sourced from Dow Jones Newswires)
Brazilian iron ore miner MMX Mineracao e Metalicos SA is buying iron ore from third party suppliers on the Brazilian domestic market to meet demand from its international customers.
Mr Roger Downey CEO of MMX Mineracao e Metalicos SA said that the company bought 70,000 metric tons of high quality iron ore as well as iron ore fines from neighboring miners in Brazil's Minas Gerais state in the second quarter, to meet tight export shipment schedules.
He said that the purchases from neighboring mines were necessary to supplement MMX's own output of the steelmaking raw material. While the company's second quarter record output at 2.2 million tonnes was on target, the purchases were necessary to make up for lost tonnage in the first quarter, when MMX suffered power supply and weather problems.
Mr Downey added that "We'll continue to buy third party ore as there's money to be made there.”
(Sourced from Dow Jones Newswires)
Thursday, March 3, 2011
ENRC to Spend USD 7 billion on Kazakh and Brazilian iron ore growth
Thursday, 03 Mar 2011 |bloomberg|
Tags :investment in iron ore and coal reserves, raw material, steel mills
Eurasian Natural Resources Corp a ferroalloy producer plans to invest USD 6.8 billion to increase iron-ore output in Kazakhstan and Brazil as prices for the steelmaking ingredient climb.
ENRC, based in London, aims to become a leading global iron ore miner with annual output of 70 million tonnes by 2016, Mr Felix Vulis CEO of ENRC at a BMO Capital Markets conference in Hollywood, Florida said that the company currently mines iron ore only in Kazakhstan, where its annual production is 17 million saleable tonnes.
Mining companies are boosting investment in reserves of iron ore and coal, both used to make steel, as Asian demand drives up prices. The price of iron ore imports to China, the world’s largest consumer of the raw material, jumped 70% last year, while European benchmark coal rose 38% in London, according to data compiled by Bloomberg.
ENRC’s investment program includes USD 2.1 billion to expand iron ore operations in Kazakhstan, where the company plans to increase output to 23 million tonnes by 2015.
ENRC, based in London, aims to become a leading global iron ore miner with annual output of 70 million tonnes by 2016, Mr Felix Vulis CEO of ENRC at a BMO Capital Markets conference in Hollywood, Florida said that the company currently mines iron ore only in Kazakhstan, where its annual production is 17 million saleable tonnes.
Mining companies are boosting investment in reserves of iron ore and coal, both used to make steel, as Asian demand drives up prices. The price of iron ore imports to China, the world’s largest consumer of the raw material, jumped 70% last year, while European benchmark coal rose 38% in London, according to data compiled by Bloomberg.
ENRC’s investment program includes USD 2.1 billion to expand iron ore operations in Kazakhstan, where the company plans to increase output to 23 million tonnes by 2015.
Tags :investment in iron ore and coal reserves, raw material, steel mills
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