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)

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 (%)

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 (%)

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 (%)

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 (%)

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.

Table of Contents

Overview

Iron ore Reserves

Iron ore Production

Iron ore Prices

Major Active Mines

Major Development Projects

Major Exploration Projects

Competitive Landscape

Demand and Trade

Mining Taxes and Royalties

Appendix

Table

Table 1: Top active mines in Brazil by total reserves (million tonnes)

Table 2: Vale SA iron x©xore production by system, 2020–21

Table 3: Historical and forecast Brazil iron ore production (million tonnes), 2006–26

Table 4: Iron ore production by company (million tonnes), 2020–2022

Table 5: Iron ore prices quarterly ($/dmtu), 2014–22

Table 6: Active Mines, 2022

Table 7: Development projects, 2022

Table 8: Exploration Projects, 2022

Table 9: China crude steel production (million tonnes), 2010–26

Table 10: China’s construction output value ($ billion), 2010–26

Table 11: Historical and forecast iron ore exports from Brazil (million tonnes), 2006–26

Table 12: Number of Operating, Development and Exploration Projects by company and stage, 2022

Table 13: Vale SA, Major Projects, 2022

Table 14: Companhia Siderurgica Nacional, Major Projects, 2022

Table 15: Anglo American plc., Major Projects, 2022

Table 16: Corporate Income Tax (CIT), 2022

Table 17: Individual Tax (%), 2022

Table 18: Capital Gain Tax (%), 2022

Table 19: Withholding Tax (%), 2022

Table 20: Value Added Tax (%), 2022

Figures

Figure 1: Share of iron ore reserves by country (%), as of January 2022

Figure 2: Crude ore reserves by country (billion tonnes), 2016–22

Figure 3: Historical and forecast Brazil iron ore production (million tonnes), 2006–26

Figure 4: Iron ore production by company (million tonnes), 2020–2021

Figure 5: Iron ore prices, quarterly ($/tonnes), 2014–2022

Figure 6: China steel production (million tonnes), 2010–26

Figure 7: China’s construction output value ($ billion), 2010–26

Figure 8: Iron ore exports by country (%), 2021

Figure 9: Historical and forecast iron ore exports from Brazil (million tonnes) 2006–26

Figure 10: Number of operating, development and exploration projects by company and stage, 2022

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