Iron Ore Royalty Revenue Reaches Record 6 Billion Reais

Written by Roberta Souza

Published on 08/01/2021 at 15:52

Updated on 08/01/2021 at 16:38

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Revenue from Iron Ore Royalties Increased by 35% Compared to 2019, Which Had Already Been a Record

According to data from the National Mining Agency (ANM), in 2020, royalties collected by the country’s iron ore industry reached a record mark of 6 billion reais. The amount presented is 35% higher than in 2019, a year that set a record. The states of Pará and Minas Gerais received 3.1 billion and 2.4 billion reais, respectively.

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After the most critical period of the pandemic, due to supply shortages and the strong recovery of China, the exchange rate and the price of iron ore have started to drive movement again.

State of Pará in Mining:

For the second time, the state of Pará was the state most compensated for the value of royalties. According to calculations from Minas Gerais and the Brazilian Association of Mining Cities (Amig), the amount of R$ 3.1 billion represents just over half of the national revenue, an increase of 41.9% compared to the previous year.

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State of Minas Gerais in Mining:

After the Brumadinho tragedy, the dam rupture halted several operational areas of Vale, and production has not yet been fully normalized. In 2020, Minas returned to second place, collecting 2.4 billion reais in royalties, representing an annual growth rate of 28.9%.

Iron Ore Royalty Revenue Reaches Record 6 Billion Reais

Revenue from Iron Ore Royalties Increased by 35% Compared to 2019, Which Had Already Been a Record

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State of Pará in Mining:

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