Asset Report
Serra Azul (MMI) iron ore mine
Report summary
Serra Azul is a surface iron ore mine located in the Quadrilátero Ferrífero (QF) region of Minas Gerais state, Brazil. It is 100% owned by Mineração Morro do Ipê (MMI), a company jointly-owned by Trafigura, Mubadala and a group of investors. Serra Azul is comprised of two deposits: Ipê and Tico-Tico. The operation has been producing a 65%-Fe concentrate product since 2017 from stockpiled ore from the Ipê deposit. MMI is working towards revamping current facilities at Serra Azul which will allow the operation to produce up to 6 Mtpa of concentrate from the Tico-Tico deposit. Given challenging legal and regulatory conditions in Minas Gerais post-Brumadinho, we do not expect the project to come online before 2024.
Table of contents
- Summary
-
Key issues
- Production
- Production
- Operations
- Cash cost (US$/tonne)
- Cash cost
- Capital costs (US$ million)
Tables and charts
This report includes 12 images and tables including:
- Detail Map
- Participation
- Marketable reserves (at 01/01/2023)
- Infrastructure
- Product quality
- Economic assumptions
What's included
This report contains:
Other reports you may be interested in
Asset Report
Middleback Ranges iron ore mine
Following government approval, Middleback Ranges expanded to new pits in the South Middleback Ranges area to support the tons.
$2,250
Asset Report
Sino Iron iron ore mine
Sino Iron is Australia's largest magnetite mine. Concerns over land access for future tailings remain and may impact future production.
$2,250
Asset Report
South Division (Malmberget) iron ore mine
LKAB are relocating part of the local community in order to continue mining at Malmberget.
$2,250
