Asset Report

Viga iron ore mine

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13 April 2018

Viga iron ore mine

Report summary

The Viga mine is located near the town of Congonhas in Minas Gerais state, roughly 80 kilometres south of Belo Horizonte. Ferrous is currently investing in the so-called 'Viga 4+' project which will allow the mine to process low-grade itabirite ores into a high-grade concentrate product as well as save costs by improving efficiency. Phase 1 was completed in mid-2017. Phase 2 has its start-up planned for Q1 2019. All of Viga's production is currently being sold on a FOB mine basis. After the completion of the Viga 4+ project, we expect Viga to transition to a concentrate-only operation with output to be solely sold into the seaborne export market.

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:

  • Key facts: Table 1
  • Detail Map
  • Participation
  • Marketable reserves (at 01/01/2018)
  • Production
  • Production
  • Operations
  • Infrastructure
  • Cash cost (US$/tonne)
  • Cash cost
  • Capital costs (US$ million)
  • Product quality
  • Economic assumptions

What's included

This report contains:

  • Document

    Viga iron ore mine

    PDF 709.66 KB

  • Document

    Viga.xls

    XLS 232.00 KB

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