Gerdau To Invest $667 Million in Sustainable Mining Platform

Gerdau SA, a Brazilian steelmaker, plans to invest $666.64 million by 2026 in a new sustainable mining platform in Minas Gerais, with a goal to increase its iron ore output and reduce emissions. The new platform will boost the production capacity of Gerdau’s Miguel Burnier mine to 5.5 million metric tons of iron ore per year and will use the dry stacking method to dispose of 100% of the mining tailings. The project is scheduled to start operating by the end of 2025 and the iron ore obtained from the new platform will be used on four steel production units located in Minas Gerais state.



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