{{Infobox company |name = Ferrous Resources |logo = Ferrous Resources.svg |logo_size = 200px |industry = Mining |location_city = Belo Horizonte |location_country = Brazil |area_served = Minas Gerais, Espírito Santo, Rio de Janeiro e Bahia |homepage = {{URL|http://www.ferrous.com.br/index.php|ferrous.com.br}} }}
'''Ferrous Resources Ltda.''' is a Brazilian mining company engaged in the research, exploration, exploitation, processing and marketing of iron ore.<ref name="sentient">{{Cite web |url=http://www.thesentientgroup.com/InvestmentPortfolio/FerrousResources.aspx |title=Ferrous Resources Ltd - The Sentient Group |access-date=2012-07-17 |archive-url=https://web.archive.org/web/20120915092707/http://www.thesentientgroup.com/InvestmentPortfolio/FerrousResources.aspx |archive-date=2012-09-15 |url-status=dead }}</ref><ref name="yahoo">{{Cite web |url=http://www.thesentientgroup.com/InvestmentPortfolio/FerrousResources.aspx |title=Ferrous Resources Ld: Ferrous Resources Completes Strategic Review - Yahoo UK and Ireland |access-date=2012-07-17 |archive-url=https://web.archive.org/web/20120915092707/http://www.thesentientgroup.com/InvestmentPortfolio/FerrousResources.aspx |archive-date=2012-09-15 |url-status=dead }}</ref>
Founded in 2007, Ferrous Resources is based in Belo Horizonte (MG).<ref name="bloomberg">[https://archive.today/20130118145820/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=46480774 Company Overview of Ferrous Resources do Brasil Ltda. - Bloomberg Businessweek]</ref> Ferrous has five mines in Minas Gerais<ref name="yahoo" /><ref name="fox-business">[http://www.foxbusiness.com/news/2012/06/26/ferrous-resources-outlines-brazilian-iron-ore-output-growth-plan/#ixzz20uFdVbu4 Ferrous Resources Outlines Brazilian Iron Ore Output Growth Plan - Fox Business]</ref> and is currently exploring the viability of a potential mineral asset in Bahia.<ref name="valor">{{Cite web |url=http://www.cbpm.com.br/ingles/paginas/noticias.php?id=861 |title=The Mine of Ferrous Resources receives international certification - Valor |access-date=2012-07-17 |archive-url=https://web.archive.org/web/20160304025412/http://www.cbpm.com.br/ingles/paginas/noticias.php?id=861 |archive-date=2016-03-04 |url-status=dead }}</ref> The company is also working on the implementation of an integrated logistics system, which includes the development of a significant slurry pipeline across three Brazilian states, as well as the construction of a new port terminal in Espírito Santo.<ref name="yahoo" /><ref name="fox-business" />
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== Performance and geographical footprint == Ferrous’ mineral assets are located in the Iron Quadrangle in Minas Gerais<ref name="sentient" /><ref name="fox-business" /> and in Coração de Maria, Bahia.<ref name="valor" /> They are accessed and processed by the following mines:
* Serrinha and Esperança in the city of Brumadinho (MG) * Viga, in Congonhas (MG) * Viga Norte, in Itabirito (MG) * Santanense, in Itatiaiuçu (MG) * Jacuípe, in Coração de Maria (BA)
The quantity of mineral resources in these areas allows Ferrous to produce a significant amount of iron ore. The firm aims to increase their rate of production to 17 million tons per year by 2016 and 40 million tons per year by 2026.<ref name="yahoo" /><ref name="fox-business" />
To ensure the successful operation of the mines of the Iron Quadrangle, Ferrous has also embarked on the construction of a 400 km slurry pipeline.<ref name="yahoo" /><ref name="fox-business" /><ref name="yahoo-2">[http://uk.finance.yahoo.com/news/brazils-ferrous-plans-tenfold-iron-224313345.html Brazil's Ferrous plans tenfold iron-ore growth - Yahoo UK and Ireland]</ref>
==Recent news== In September 2013, Ferrous Resources sold an $80 million stake (14.4%) in the firm to Eastern European mining firm Ferrexpo.<ref>{{Citation | url = https://www.reuters.com/article/us-ferrexpo-acquisition-idUSBRE98H06H20130918 | title= Ferrexpo acquires $80 million stake in Brazilian miner | year = 2013 | publisher = Reuters | location = International }}</ref>
In 2019, Ferrous Resources was acquired by Vale S.A., a global mining company headquartered in Brazil. Vale said the "completion of this acquisition is aligned with Vale’s strategy of maximizing the flight to quality in the Iron Ore business."<ref>{{Cite web|url=http://www.vale.com/EN/investors/information-market/Press-Releases/Pages/Vale-announces-the-completion-of-the-Ferrous-Resources-Limited%E2%80%99s-acquisitio.aspx|title=Vale announces the completion of the Ferrous Resources Limited’s acquisitio|website=www.vale.com|access-date=2020-04-15}}</ref> However, a temporary stop in the operations of Vale was made because of some inconsistency in documents.<ref>{{Cite news|url=https://www.reuters.com/article/us-vale-sa-ferrous-idUSKBN1XH00J|title=Brazil court says could annul Vale acquisition of Ferrous Resources|date=2019-11-07|work=Reuters|access-date=2020-04-23|language=en}}</ref>
==References== {{Reflist}}
{{DEFAULTSORT:Ferrous Resources Brasil}} Category:Iron ore mining companies Category:Mining companies of Brazil Category:Multinational companies Category:Metal companies of Brazil Category:Brazilian brands