Gerdau to develop three iron ore mines
Brazilian long steel producer Gerdau, in order to offset rising raw material costs, will develop three small
iron ore mines it purchased from Votorantim's Barra Mansa steel company in late 2003
The mines -Gongo Soco, Varzea do Lopes and Miguel Burnier- are all located in
Brazil's Minas Gerais state. Gerdau officials inform that Miguel Burnier will be the first mine to be developed. The mines reportedly contain 400 million tons of
iron ore.