Brazil iron ore exports of 58 mil mt at risk: Wood Mac

摘要

Around 8 million mt of seaborne Brazilian iron ore supply may be at risk of being lost in 2019, over and above Vale’s estimated 50 million mt from southern Brazil taken out of the market, as a new regulation bans upstream dams for collecting mining waste, consultancy Wood Mackenzie said Friday. Iron ore units of Usiminas, Gerdau and smaller Brazilian miners stand to be affected the most by the ban, while CSN Mining is likely to be unaffected directly, although third-party output for processing could be cut, Wood Mac said in a report. Anglo American, which operates the Minas-Rio pellet feed mining and export chain, does not have a dam of the upstream construction method, Wood Mac said.