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 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.

What's included

This report contains

  • Document


    XLS 245.00 KB

  • Document

    MUSA iron ore mine

    PDF 517.15 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 01/01/17)
  • Production
  • Operations
  • Infrastructure
  • Cash cost (US$/tonne)
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

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