Report summaryMineracao Usiminas S.A., or MUSA, is a mid-sized surface mining complex in Brazil's Quadrilátero Ferrífero (QF) region in the state of Minas Gerais. It is 70% owned by Usiminas, a Brazilian steel producer, and 30% owned by Sumitomo. Production at MUSA dropped substantially over the past few years on the back of deteriorated steel market conditions. As most of MUSA's production feeds into Usiminas' local steel plants, Ipatinga and Cubatao, and the latter's operations were temporarily idled in early 2016, we expect the mine to gradually increase iron ore output concomitantly with Cubatao's restart.
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- MUSA iron ore mine PDF - 517.15 KB 9 Pages, 10 Tables, 3 Figures
- MUSA.xls XLS - 245.00 KB