Asset report

MUSA iron ore mine

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Report summary

Mineracao Usiminas S.A., or MUSA, is a mid-sized surface mining complex located in the Quadrilátero Ferrífero (QF) region of Minas Gerais state, Brazil. It is 70% owned by Usiminas, a Brazilian steel producer, and 30% by Sumitomo.Production at MUSA dropped substantially over the past few years due to weak market conditions and as Usiminas' Cubatao steel operation was closed in 2015. As domestic steel demand rises, Ipatinga — Usiminas' sole steel mill in operation in Brazil — will inevitably consume more iron ore to boost its steel output. This, along with higher export volumes, will trigger MUSA to increase its total production by approximately 50% between 2018 and 2019.

What's included

This report contains

  • Document


    XLS 245.50 KB

  • Document

    MUSA iron ore mine

    PDF 792.24 KB

Table of contents

  • Key facts
    • Summary
    • Key Issues
  • Location maps
  • Participation
  • Geology
  • Reserves and resources
  • Production
  • Operations
  • Infrastructure
  • Costs
  • Sales contracts
  • Economic assumptions

Tables and charts

This report includes 13 images and tables including:


  • Detail map
  • Production
  • Cash cost


  • Key facts: Table 1
  • Participation
  • Marketable reserves (at 01/01/18)
  • Production
  • Operations
  • Infrastructure
  • Cash cost (US$/tonne)
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

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