16
Jul
12:32
Gerdau certifies iron ore reserves for 40 years
Brazilian steelmaker Gerdau says it has completed the new certification of its mineral reserves at the Miguel Burnier iron ore open-pit mine in Minas Gerais, Kallanish notes.
According to the independent certifier SRK Consulting’s report, the company’s reserves are at 476 million tonnes, guaranteeing production with 65% Fe content for 40 years. The extracted ore, which currently has 35-37% Fe content, will be processed and enriched, accordin…
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Anonymous
Very good overview of the weekly steel market.
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