Ferrous Resources

Ferrous’ mineral assets are located in the Iron Quadrangle in Minas Gerais^[1][4] and in Coração de Maria, Bahia.^[5] They are accessed and processed by the following mines:

• Serrinha and Esperança in the city of Brumadinho (MG)
• Viga, in Congonhas (MG)
• Viga Norte, in Itabirito (MG)
• Santanense, in Itatiaiuçu (MG)
• Jacuípe, in Coração de Maria (BA)

The quantity of mineral resources in these areas allows Ferrous to produce a significant amount of iron ore. The firm aims to increase their rate of production to 17 million tons per year by 2016 and 40 million tons per year by 2026.^[2][4]

To ensure the successful operation of the mines of the Iron Quadrangle, Ferrous has also embarked on the construction of a 400 km slurry pipeline.^[2][4][6]

In September 2013, Ferrous Resources sold an $80 million stake (14.4%) in the firm to Eastern European mining firm Ferrexpo.^[7]

In 2019, Ferrous Resources was acquired by Vale S.A., a global mining company headquartered in Brazil. Vale said the "completion of this acquisition is aligned with Vale’s strategy of maximizing the flight to quality in the Iron Ore business."^[8] However, a temporary stop in the operations of Vale was made because of some inconsistency in documents.^[9]