Asset Report
Várzea do Lopes iron ore mine
Report summary
Várzea do Lopes is a mid-sized surface mine owned and operated by Gerdau located in the Quadrilátero Ferrífero (QF) region of Minas Gerais state, Brazil, approximately 50 kilometres south of the city of Belo Horizonte. The operation produces a mix of lump, fines and concentrate products that are either transferred to Gerdau's nearby Ouro Branco steel mill or, to a lesser extent, sold into the seaborne export market. Várzea do Lopes' production is slated to increase by almost 37% in 2022, after low ROM availability impacted production in 2021. Overall cash cost is also expected to increase by over 20% as mounting inflation and inclusion of rail and port costs amid some exports. In February 2019, Gerdau announced a plan to decommission the Alemães upstream tailings dam and install dry processing technologies at its mining sites.
Table of contents
- Summary
- Key issues
- Emissions
Tables and charts
This report includes 13 images and tables including:
- Varzea do Lopes Emission Intensity Quartile Ranking - Total global production - Tonnes of ore
- Detail Map
- Participation
- Marketable reserves (at 01/01/2022)
- Production
- Production
- Operations
- Infrastructure
- Cash cost
- Cash cost
- Capital costs(US$ million)
- Product quality
- Economic assumptions
What's included
This report contains:
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