Asset Report
Urucum (J&F Mineracao) iron ore mine
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Urucum is a now-closed mine owned by Vale located approximately 27 kilometres from the city of Corumba in the state of Mato Grosso do Sul, Brazil. The operation does not have a seamless mine to port infrastructure solution. Production is trucked to a rail loading facility and then railed to a river port before being barged to an export terminal in Argentina. As Vale prioritises its most-efficient, lowest-cost assets, the company opted for shutting down operations at Urucum in 2016. All of Urucum's lump production was being exported via the seaborne export market. On 6 April 2022 Vale and J&F Mineração (J&F) announced that they entered into an agreement whereby J&F will acquire Vale’s Midwestern System for approximately US$ 1.2 billion. At the closing of the transaction, Vale will receive US$ 150 million, in addition to transferring to J&F the obligations related to the take-or-pay logistics contracts and other liabilities existing in the asset.
Table of contents
- Summary
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Key issues
- Participation
- Marketable reserves (at 01/01/2023)
- Production
- Production
- Cash cost
- Cash cost
- Product quality
- Economic assumptions
Tables and charts
This report includes the following images and tables:
- Detail Map
- Operations
- Infrastructure
- Capital cost
What's included
This report contains:
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