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IRON ORE

Iron ore is abundant in the world, but deposits are concentrated in a few countries, with only five accounting for 77% of total occurrences. Brazil is home to 8.3% of reserves, the fifth largest in the world, equivalent to 17 billion tons. The reserves in Brazil and Australia have the highest content of iron contained, in the order of 60%.

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Brazil is the second largest producer of iron ore in the world, with China producing about 21% and Brazil, 19%. The largest Brazilian deposits are in Minas Gerais, with 61.2% of national reserves, Mato Grosso do Sul, with 28.1% and Pará, with 10.4%.

Product

Iron Ore - Hematite

Consumption

Industry

Searce

Brazil

Iron Ore - Magnetite

Reservation Table

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Delivery:  FOB / CIF

Boarding: 

30 - 45 days for the first shipment, with an extension of the initial term, depending on the quantity contracted.

Note 1: 

The delivery period will only start after signing the contract, sending and blocking the letter of credit, through the receiving bank.

Guarantees:

LC, DLC, IRDLC, ARDLC, SBLC ou BG

Hiring and Payment

By LC, DLC, SBLC or BG (Transferable, Divisible, Irrevocable, and Operative), issued by a Top-25/50 bank with an amount proportional to 100% of the contract and its liquidity, in cash against BL (Bill of Lading).

• SPOT: 

• CONTRACT: 

For a minimum contractual period of 12 months (Extensive), through LC, DLC, IRDLC, ARDLC, SBLC or BG (Transferable, Divisible, Irrevocable, and Operative), proportional to 1 (One) shipment, issued by a Top- 25/50 via MT700 swift.

Note 2:

Preference for payment using the ARDLC Automatic Revolving instrument, Documentary Letter of Credit

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