The Esperanca mine is located near the town of Brumadinho in Minas Gerais state, roughly 56 kilometres southwest of the company's headquarters in Belo Horizonte. Esperanca is currently processing run-of-mine (ROM) reserves from the Santanense mine. The ore undergoes a fairly rigorous beneficiation process because of its low Fe ore grade and high levels of impurities, particularly silica. This ultimately gives rise to high processing costs. Esperanca was closed in 2015 due to weak market conditions. In 2017, Ferrous opted to resume operations at the mine, now selling all its output on a FOB mine basis.