Iron ore is a mineral which drives the world’s economy. The largest reserves of high quality Iron ore are located in Brazil. Brazil also has the highest exporting capacity for high grade iron ore compared to any other country.
However, Brazil’s iron ore exports have declined to a total of 104 MnT in the first five months of 2013, in comparison to the same period last year which was around 112 MnT as per the data obtained from the National Iron Ore and Base Metals Association, Sinferbase.
Other companies which are associated with Sinferbase are the mining giant Vale and its affiliated companies such as, Itabrasco, Nibrasco, Hispanobras and Kobrasco. Along with it a pellet making company, Samarco, a 50:50 JV with BHP Billiton, resource group Anglo American and a local miner MMX are also associated with Sinferbase.
Brazil Iron Ore Shipments
In contribution to the shipment of iron ore from Brazil, Vale had exported 92.6 MnT of iron ore along with 8.61 MnT from Samarco. Exports of pellet were a total of 18.6 MnT in the first five months of 2013, which was at 20.8 MnT in the same period last year.
Apart from exports the sale of iron ore in the domestic market of Brazil had also seen a decline. In January-May the domestic sale was of around 10.4 MnT, down from 12.5 MnT of last year on account of Y-o-Y sales basis. Vale sold around 9.36 MnT of iron ore in the domestic market, whereas, MMX sold 815,000 MT and Samarco sold 179,000 MT of iron ore.