Mining in Brazil Market Players Analysis¶
Products and Services¶
This report details the top 10 market players in the Brazilian mining industry based on the provided data, outlining their main products and services and evaluating available information on volume and revenue trends in 2024 and 2025.
Vale S.A. Vale is a global diversified mining company and the largest in Brazil. Its primary focus is on iron ore and nickel. Key assets include major iron ore mines like S11D, Vargem Grande, and Capanema. Vale is also a significant producer of nickel and copper, minerals crucial for the energy transition. Their Salobo project is a notable copper operation. The company is involved across the entire value chain, from exploration to logistics and sales. They are investing in decarbonization technologies and aim to increase production of energy transition minerals.
Anglo American Anglo American is a leading global mining group with significant operations in Brazil, primarily in iron ore and nickel. Their Minas-Rio System is a major producer and exporter of premium iron ore. They also operate nickel mines in Goiás. The company emphasizes sustainable practices and has invested in environmental improvements like the Minas-Rio filtering plant. They possess dedicated logistics infrastructure, including the Minas-Rio pipeline and port facilities at Açu Port.
CSN Mineração CSN Mineração is a significant Brazilian iron ore producer and a key player in the national market, part of the larger CSN group. They operate multiple units and contribute substantially to Brazil's iron ore production and exports. Being part of the CSN group provides them with a degree of vertical integration with steelmaking operations. Their strategy prioritizes margin over volume in production.
Kinross Brasil Mineração Kinross Brasil Mineração (KBM) is the Brazilian subsidiary of Kinross Gold Corporation, a major Canadian gold producer. Their main operation in Brazil is the Paracatu mine in Minas Gerais. KBM focuses on responsible mining, operational excellence, and disciplined growth, with a strong emphasis on community relations and ESG commitments.
Samarco Samarco is a Brazilian producer of iron ore and pellets, operating as a joint venture between Vale and BHP. Following a dam collapse in 2015, the company is in a phase of recovery and reconsolidation. They are making significant investments in technology for filtered and dry-stacked tailings and are working towards reaching full installed capacity by 2028.
Mosaic Fertilizantes Mosaic Fertilizantes is the Brazilian operation of The Mosaic Company, focusing on concentrated phosphate and potash crop nutrients. They are a major producer and distributor of blended crop nutrients in Brazil, operating phosphate mines, chemical plants, a potash mine, and blending plants. They produce and sell phosphate- and potash-based crop nutrients and animal feed ingredients for agricultural use and animal feed.
CBMM (Companhia Brasileira de Metalurgia e Mineração) CBMM is the world leader in the production and commercialization of nióbio (niobium). The company is primarily focused on the extraction and processing of pyrochlore to produce ferroalloys, oxides, and other nióbio products. Their main operations are located in Araxá, Minas Gerais. CBMM holds a dominant position in the global nióbio market, a mineral considered strategic.
Hydro Paragominas / Alunorte Hydro Paragominas (Mineração Paragominas S.A.) and Alunorte (Alumina do Norte do Brasil) are major players in the bauxite and alumina segments, respectively, within the aluminum value chain. Hydro Paragominas is a significant bauxite producer in Pará, supplying the aluminum value chain in Brazil. Alunorte is an alumina refining plant in Barcarena, Pará, and is a key component of the bauxite-alumina-aluminum chain.
Mineração Usiminas Mineração Usiminas is an iron ore producer operating three extraction units. As part of the Usiminas group, they are a significant contributor to national iron ore production and are closely integrated with the steel industry through their parent company. They are a key piece in the Brazilian steel production chain.
Pan American Silver (Jacobina Mine) Pan American Silver operates the Jacobina gold mine in Brazil, which was acquired as part of the Yamana Gold acquisition in March 2023. Pan American Silver is a major international producer of silver and gold with operations across the Americas. The Jacobina mine is an important gold asset within their portfolio.
Comparative Table of Volume and Revenue Trends (2024-2025)¶
| Player Name | Main Products/Services | Volume Estimates (2024) | Volume Estimates (2025) | Revenue Estimates (2024) | Revenue Estimates (2025) | Growth/Decline Trend (Volume) | Growth/Decline Trend (Revenue) |
|---|---|---|---|---|---|---|---|
| Vale S.A. | Iron ore, Nickel, Copper | Iron ore: 310-320 million t/y (guidance) | Copper: Salobo III to add up to 50 thousand tonnes/year | US$ 41.46 billion (2023 ranking) | US$ 8.1 billion (Q1 2025 net op. revenue) | Copper production at Salobo record in 2024. Guidance provided for 2024. | Net operating revenues in Q1 2025 reported. Proforma EBITDA for 2024 reported. Net loss in Q4 2024 due to impairments. |
| Anglo American | Iron ore, Nickel | Iron ore (Minas-Rio): 25 million tonnes | Iron ore (Global guidance): 57-61 million mt | US$ 27.29 billion (Global FY 2024) | N/A | Minas-Rio iron ore production was a record in 2024. Global guidance provided for 2025 suggests potential slight decrease. | Global revenue for FY 2024 reported. Trend for 2025 not specified with comparable data. |
| CSN Mineração | Iron ore | Production: 42.010 million tonnes | N/A | R$ 13.009 billion (2024) | US$ 2.96 billion (TTM May 2025) | Production and sales volume for 2024 reported. Trend for 2025 not explicitly stated. | Significant increase in net profit in Q4 2024. Net revenue for 2024 reported. TTM revenue figures available. |
| Kinross Brasil Mineração | Gold | Global: ~2.1 million Au eq. oz. (2024) | Global guidance: 690,000–750,000 tonnes (2025) | Global: US$ 5,148.8 million (2024 metal sales) | Global Q4 2024: $1,415.8 million | Global production figures available. No specific volume for Brazil in 2024/2025 provided. | Global metal sales increased in 2024 compared to 2023. Global revenue figures available. No specific revenue for Brazil in 2024/2025. |
| Samarco | Iron ore pellets and fines | Produced: 9.7 million mt | Aims to produce: ~15 million tons of pellets | US$ 1,455.5 million (2024) | US$ 411.7 million (Q4 2024) | Production reported for 2024 with a clear aim to increase significantly in 2025. | Net revenue for 2024 reported. Drop in net revenue in Q3 2024 mentioned, but Q4 2024 revenue also provided. |
| Mosaic Fertilizantes | Phosphate/Potash crop nutrients | Sold: ~9.0 million tonnes (2024 in Brazil) | N/A | US$ 1.4 billion (Q3 2023 in Brazil) | US$ 1 billion (Q2 2024) | Sales volume for 2024 in Brazil reported. Production capability mentioned. | Impacted by lower selling prices and challenging market conditions. Sales revenues for Q2 2024 and Jan/Feb 2024 reported. |
| CBMM | Nióbio (Niobium) | N/A | N/A | N/A | N/A | No specific volume estimates for 2024/2025 found. | No specific revenue estimates for 2024/2025 found. |
| Hydro Paragominas / Alunorte | Bauxite, Alumina | N/A | N/A | N/A | Alunorte's current revenue not available | No specific volume estimates for 2024/2025 found. | No specific revenue estimates for 2024/2025 found. Alunorte's current revenue is not available. |
| Mineração Usiminas | Iron ore | Production value volume: 164.9 thousand tonnes (2023) | N/A | Production value: R$ 2.901 billion (2022) | N/A | Volume figure for 2023 provided (note inconsistency). No specific volume estimates for 2024/2025. | Revenue figure for 2022 provided. No specific revenue estimates for 2024/2025. |
| Pan American Silver | Gold | Global: 892.5 thousand ounces (FY 2024) | N/A | Global: US$ 2.8 billion (FY 2024) | N/A | Record global gold production in FY 2024. No specific volume for Jacobina mine in 2024/2025. | Record global revenue in FY 2024. No specific revenue for Jacobina mine in 2024/2025. |
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