Brazil Iron Ore Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026
Summary
GlobalData's Brazil Iron ore Mining to 2026 provides a comprehensive coverage on the Brazil’s iron ore mining industry. It provides historical and forecast data on iron ore production, reserves by country, and world iron ore prices. The report also includes a demand drivers section providing information on factors that are affecting the country’s iron ore industry such as demand from end use sectors including steel and construction industries. It further profiles major iron ore producers, information on the major active, planned and exploration projects.
Brazil is the world’s second largest iron ore producer, after Australia, accounting for 17% of total world production in 2021. The country’s iron ore production is expected to remain relatively flat in 2022, with an estimated growth of 1.0% over 2021 to reach 426.8Mt. This growth will be supported by increased production across the Vale’s operating mines. Although, heavy rainfall impacted Vale’s output during the H1 2022 (a 4.5% Y-o-Y fall), production is likely to recover in H2 2022, according to company’s guidance, which is targeting to produce between 320-335Mt in 2022, up from 315.6Mt in 2021. Brazil’s iron ore production is expected to grow at a compound annua growth rate (CAGR) of 3.3% over the forecast period (2023-26), to reach 496.3Mt by 2026. This will be mostly due to the resumption of Vale’s capacities at Serra Norte N1/N2, Serra Leste expansion and S11C project, which will be operational by the end of 2026.
Scope
- The report contains an overview of the Brazil Iron ore mining industry including key demand driving factors affecting the Brazil’s iron ore mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.
- To gain an understanding of the Brazilian Iron ore mining industry, relevant driving factors
- To understand historical and forecast trend on Brazilian Iron ore production
- To identify key players in the Brazilian Iron ore mining industry
- To identify major active, exploration and development projects in Brazil an overview of the Brazil
- 1. Executive Summary
- 2. Reserves, Production and Prices
- 2.1 Iron Ore Reserves
- 2.2 Iron Ore Production
- 2.3 Production by Company
- 2.4 Iron Ore Prices
- 3. Iron Ore Assets
- 3.1 Active Mines
- 3.2 Development Projects
- 3.3 Exploration Projects
- 4. Key Demand Drivers
- 4.1 Demand from the Chinese Steel Industry
- 4.2 Demand from Chinese Construction Industry
- 5. Iron Ore Exports
- 6. Major Iron Ore Producers
- 6.1 Mines and Projects by Company
- 6.2 Company Profiles
- 7. Fiscal Regime
- 7.1 Governing Bodies
- 7.2 Mining Laws and Codes
- 7.3 Mining Licensing, Rights, and Obligations
- 7.4 Taxes and Payments
- 8. Appendix
- 8.1 Abbreviations
- 8.2 Methodology
- 8.3 Coverage
- 8.4 Secondary Research
- 8.5 Development Likelihood
- List of Tables
- 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
- Table 21: Likelihood: High
- Table 22: Likelihood: Medium
- Table 23: Likelihood: Low
- List of 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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