Urucum (J&F Mineracao) iron ore mine

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.