Asset report

Serra Azul (MMI) iron ore mine

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Report summary

Serra Azul is a mid-sized surface mine complex in Brazil's Quadrilátero Ferrífero (QF) region in the state of Minas Gerais. It is 100% owned by Mineração Morro do Ipê (MMI), a jointly-owned subsidiary of Trafigura and Mubadala. In August 2014, Serra Azul's former owner, MMX, announced that it would be idling the operations at the mine for 30 days following significant declines in global iron ore prices. Shortly thereafter, in early October, the company filed for bankruptcy protection. As a result, all MMX's mining operations were permanently suspended in 2015.

What's included

This report contains

  • Document

    Serra Azul (MMI).xls

    XLS 214.50 KB

  • Document

    Serra Azul (MMI) iron ore mine

    PDF 1.25 MB

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 01/01/2017)
  • Production
  • Operations
  • Infrastructure
  • Cash cost (US$/tonne)
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

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