Country Report

Brazil iron ore supply summary



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Report summary

Resilient iron ore prices throughout 2017 further encouraged growth from Brazil, the world's lowest-cost and second-largest exporting country. Cash margins increased by over 45% which provided more than enough incentive for Vale to push on with its expansion plans. Largely driven by the ramp-up of the company’s low-cost, high-grade S11D project, Brazil’s marketable production grew by almost 5% in 2017 and we expect it to rise further by 4% in 2018. But while the country's iron ore industry is faring better than most, it is far from being in boom times with the suspension of key projects (i.e. Samarco and Minas-Rio), falling investment and cost cutting being key themes.

What's included

This report contains

  • Document

    Brazil iron ore supply summary

    PDF 3.44 MB

  • Document

    Brazil iron ore supply summary

    ZIP 3.61 MB

  • Document

    brazil iron ore supply summary.xls

    XLS 443.00 KB

Table of contents

  • Executive summary
  • Location maps
    • Vale
    • CSN
    • Anglo American
    • Samarco
  • Geology
  • Quality
  • Reserves and resources
    • Quadrilátero Ferrífero (QF):
    • Carajás Basin:
    • Urucum Basin:
  • Infrastructure
    • Cash costs
    • Capital costs
  • Margins
  • Fiscal terms

Tables and charts

This report includes 20 images and tables including:


  • Attributable marketable reserves by company (at 01/01/2018)
  • Fiscal terms


  • Brazil iron ore producing regions
  • Attributable marketable production by company
  • Quadrilátero Ferrífero (QF)
  • Carajás Basin
  • Urucum Basin
  • Raw Fe grade 2018
  • Product impurities - alumina and silica 2018
  • Marketable production by product type
  • Costed production by status
  • Port export capacity
  • Quadrilátero Ferrífero (QF)
  • Carajás Basin
  • Urucum Basin
  • Average operating margin (US$/tonne)
  • Cash costs by key company
  • 62% Fe adjusted CFR cost curve to North China, Q1 2018
  • Cash costs
  • Capital costs

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