Insight
Upstream dams ban: further supply disruptions expected in Brazil
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 15 February 2019, Brazil's National Mining Agency (ANM) released a new regulation establishing the ban of all dams in the country built with the upstream method. Companies holding such structures will have six months to present a technical decommissioning project and until 15 August 2021 and 15 August 2023 to fully conclude deactivation processes of inactive and active dams, respectively. Our analysis indicates that, excluding Vale, close to 8 million tonnes of seaborne supply is at risk in 2019 with the new decree.
Table of contents
-
Executive summary
- Vale
- CSN
- Anglo American
- Usiminas
- Gerdau
- Price sensitivity analysis
Tables and charts
This report includes the following images and tables:
-
Upstream dams ban: further supply disruptions expected in Brazil: Image 1Iron ore vs other minerals dams location mapNumber of iron ore dams by method and upstream breakdown by ownership
-
Price impact from supply losses after upstream dam banishment regulationUpstream dams ban: further supply disruptions expected in Brazil: Image 4Iron ore upstream dams and potential supply losses
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Macro Oils short-term outlook: September 2020
One step forward, two steps back as demand stumbles and OPEC+ increases.
$2,000
Insight
Global oil supply short-term update - November 2025
OPEC+ agree to a pause in unwinding cuts in Q1 2026, due to expected over-supply.
$1,350
Insight
Global oil supply short-term update - September 2025
Upgrades to global supply driven by US Lower 48 crude and NGLs, Brazil, United Arab Emirates and Argentina
$1,350
