Brazil Iron Ore Mining Market by Reserves, Production, Assets, Projects, Fiscal Regime with Taxes, Royalties and Forecast to 2030
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Brazil Iron Ore Mining Market Report Overview
Brazil is the world’s second-largest iron ore producer, after Australia. In 2023, the iron ore mine production output in Brazil was 410.2 million tonnes (Mt). The iron ore production in Brazil will grow at a CAGR of more than 2% from 2024 to 2030. This growth is in line with Vale’s target to produce between 340-360Mt in 2026, rising to more than 360Mt in 2030. Minas Gerais and Para are the largest iron ore-producing states in Brazil.
Brazil Iron Ore Mining Market Outlook 2023-2030 (Million Tonnes)
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The Brazil iron ore mining market research report provides comprehensive coverage of Brazil’s iron ore industry. It provides historical and forecast data on iron ore production, production by company, reserves by country, and world iron ore prices. The report also includes a demand drivers section providing information on factors that are influencing the Brazil iron ore industry. It further profiles major iron ore producers, and information on the major active, planned, and exploration projects by region.
Market Size (Iron Ore Production in 2023) | 410.2 million tonnes (Mt) |
CAGR (2024-2030) | >2% |
Active Mines | · Serra Norte Mining Complex
· Carajas Serra Sul S11D Project · Vargem Grande Mining Complex · Paraopeba Mining Complex · Itabira Mining Complex |
Development Projects | · Morro do Pilar Project
· Capanema Iron Mine · Amapa Iron Ore Mine · Jambreiro Project · Araguaia Nickel Project |
Exploration Projects | · Pau de Vinho Iron Project
· Viga Norte Mine · Bom Sucesso Mine · Liberdade Project · Canavial Project |
Leading Companies | · Vale SA
· Companhia Siderurgica Nacional (CSN) · Anglo American plc |
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Brazil Iron Ore Mining Market - Active Mines
The key active iron ore mines in Brazil are Serra Norte Mining Complex, Carajas Serra Sul S11D Project, Vargem Grande Mining Complex, Paraopeba Mining Complex, and Itabira Mining Complex among others. In 2023, Serra Norte Mining Complex was the leading active iron ore mine with the highest saleable iron ore production, followed by Carajas Serra Sul S11D Project and Vargem Grande Mining Complex.
Brazil Iron Ore Mining Market Analysis by Active Mines, 2023 (%)
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Brazil Iron Ore Mining Market - Development Projects
The key development projects in the Brazil iron ore mining market are Morro do Pilar Project, Capanema Iron Mine, Amapa Iron Ore Mine, Jambreiro Project, and Araguaia Nickel Project among others. In 2023, Morro do Pilar Project was the leading development project of the Brazil iron ore mining market, followed by Capanema Iron Mine and Amapa Iron Ore Mine.
Brazil Iron Ore Mining Market Analysis by Development Projects, 2023 (%)
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Brazil Iron Ore Mining Market - Exploration Projects
The key exploration projects in the Brazil iron ore mining market are Pau de Vinho Iron Project, Viga Norte Mine, Bom Sucesso Mine, Liberdade Project, and Canavial Project among others. In 2023, Pau de Vinho Iron Project was the leading exploration project of the Brazil iron ore mining market.
Brazil Iron Ore Mining Market Analysis by Exploration Projects, 2023 (%)
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Brazil Iron Ore Mining Market - Competitive Landscape
The leading companies in the Brazil iron ore mining market are:
- Vale SA
- Companhia Siderurgica Nacional (CSN)
- Anglo American plc
Vale SA (Vale) is a metal and mining company based in Brazil, which produces and exports iron ore and pellets and is the largest iron ore producer in the world. It accounts for around 77.8% of the Brazil’s iron ore output. In the first nine months of 2023, Vale produced 231.8Mt of iron ore, up by 2.1% over the same period of 2022.
On September 6, 2023, Vale and H2 Green Steel signed an agreement to jointly study the feasibility of the potential development of green industrial hubs in Brazil and North America for enabling sustainable steel production.
Leading Brazil Iron Ore Mining Market Analysis by Companies, 2022 (%)
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Scope
- Overview of the Brazil iron ore mining industry
- Key demand driving factors
- Historical and forecast data on iron ore production, production by company and reserves by country
- World iron ore prices
- Profiles of major iron ore producers
- Competitive landscape
- Major operating, explorational and developmental mines
Reasons to Buy
- In-depth Insights: Gain comprehensive industry insights into the Brazil iron ore mining market and understand the key market drivers influencing production trends, reserves and market dynamics.
- Strategic market analysis: Access historical and forecast trends on Brazil iron ore production to anticipate market shifts and make forward-looking decisions.
- Forge valuable partnerships: Identify the leading companies in the Brazil iron ore mining market, including information on their sectors of operation, headquarters location, production capacity and owned iron ore mines.
- Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental projects.
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Frequently asked questions
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What was the total Brazil’s iron ore production in 2023?
In 2023, the iron ore mine production output in Brazil was 410.2 million tonnes (Mt).
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What will the CAGR of Brazil iron ore mining production market be during 2024-2030?
The Brazil iron ore mining market will grow at a CAGR of more than 2% during 2024-2030.
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Which are the leading development projects in the Brazil iron ore mining market?
The key development projects in the Brazil iron ore mining market are Morro do Pilar Project, Capanema Iron Mine, Amapa Iron Ore Mine, Jambreiro Project, and Araguaia Nickel Project among others.
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Which are the leading exploration projects in the Brazil iron ore mining market?
The key exploration projects in the Brazil iron ore mining market are Pau de Vinho Iron Project, Viga Norte Mine, Bom Sucesso Mine, Liberdade Project, and Canavial Project among others.
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Which are the leading companies in the Brazil iron ore mining market?
The leading companies associated with the Brazil iron ore mining market are Vale SA, Companhia Siderurgica Nacional (CSN), and Anglo American plc.
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