CSN Mineracao SA
BOVESPA:CMIN3
CSN Mineracao SA
CSN Mineração S.A., a prominent player in the iron ore market, operates as a subsidiary of Companhia Siderúrgica Nacional (CSN), one of Brazil’s oldest and largest industrial conglomerates. The company's main operations are centered in the rich iron ore deposits of the Itabira Complex, located in Minas Gerais, Brazil. This strategic location allows it to tap into one of the most bountiful iron ore reserves in the world. As a mining company, CSN Mineração focuses on exploring, processing, and exporting high-quality iron ore that is essential for steel production, thus feeding the supply chain of global infrastructure development. By leveraging cutting-edge mining techniques and efficient logistics infrastructures, the company stands out in its ability to deliver large volumes of iron ore to international markets, particularly in Asia.
Revenue generation for CSN Mineração primarily pivots on the sale of iron ore, both domestically and internationally. The company benefits from vertically integrated operations with its parent, CSN, enabling synergies that streamline costs and maximize output. This integration is complemented by its well-established port terminal, Terminal de Carvão e Minérios (TeCar), which facilitates the efficient export of its products. Additionally, the company’s earnings are bolstered by its ability to endure and thrive amidst fluctuating commodity prices through prudent operational management and cost control. By focusing on sustainability and environmental stewardship, CSN Mineração aims to maintain its competitive edge and bolster its reputation, ensuring long-term success in both the local and international realms.
CSN Mineração S.A., a prominent player in the iron ore market, operates as a subsidiary of Companhia Siderúrgica Nacional (CSN), one of Brazil’s oldest and largest industrial conglomerates. The company's main operations are centered in the rich iron ore deposits of the Itabira Complex, located in Minas Gerais, Brazil. This strategic location allows it to tap into one of the most bountiful iron ore reserves in the world. As a mining company, CSN Mineração focuses on exploring, processing, and exporting high-quality iron ore that is essential for steel production, thus feeding the supply chain of global infrastructure development. By leveraging cutting-edge mining techniques and efficient logistics infrastructures, the company stands out in its ability to deliver large volumes of iron ore to international markets, particularly in Asia.
Revenue generation for CSN Mineração primarily pivots on the sale of iron ore, both domestically and internationally. The company benefits from vertically integrated operations with its parent, CSN, enabling synergies that streamline costs and maximize output. This integration is complemented by its well-established port terminal, Terminal de Carvão e Minérios (TeCar), which facilitates the efficient export of its products. Additionally, the company’s earnings are bolstered by its ability to endure and thrive amidst fluctuating commodity prices through prudent operational management and cost control. By focusing on sustainability and environmental stewardship, CSN Mineração aims to maintain its competitive edge and bolster its reputation, ensuring long-term success in both the local and international realms.
Record Production & Sales: CSN Mineração reached an all-time high of 12.4 million tonnes sold and 11.9 million tonnes produced (including purchases), both new records for the company.
Strong Profit Growth: Adjusted EBITDA rose 57% from the previous quarter to BRL 1.991 billion, with net income surging fivefold to BRL 695 million.
High Margins: EBITDA margin was robust at 45.2%, supported by higher iron ore prices and improved operational efficiency.
Dividend Announcement: The company approved a BRL 903 million dividend payout, to be paid on November 19.
Guidance Maintained: Volume guidance for 2025 remains at 42–45 million tonnes, with expectations for growth in 2026.
CapEx Increase: Investments rose 20.6% quarter-over-quarter, mainly supporting expansion, especially the P15 project.
Positive Market Outlook: Management highlighted strong demand, favorable pricing, and operational efficiency, expressing optimism for the coming quarters.
Stable Dividend Policy: The company reaffirmed its commitment to paying out 80–100% of net income as dividends, regardless of iron ore price volatility.
