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Vila Nova is an open pit, iron ore mine located in Amapá State in northern Brazil.

It is currently on care and maintenance pending a recovery in iron ore prices.

Key Facts

Location Amapa State, Brazil
Mine type Open pit
Metals mined Iron ore
Expected mine life 8 years*
Deposit type
Ownership 100%
Resources & Reserves

* Based on current proven and probable reserves and when the operation is restarted.


Operating Data

2015A 2014A
Iron ore produced (t) 16,038* 693,714
Iron ore sold (t) 47,815 524,645
Ore mined/processed (t) 806,082
Grade (g/t) 63.1
Cash operating costs ($/t) 33 55
Sustaining capex ($M) 1.0

* Vila Nova was placed on care and maintenance late in the fourth quarter of 2014. A nominal amount of iron ore was processed and shipped in the first quarter of 2015 while preparing the plant for shutdown.

Geology and Mineralization

Vila Nova deposit is hosted within a hematite-rich banded iron formation within the Vila Nova Group of Paleoproterozoic age located in a greenstone belt of the southern Guyana Shield. The sedimentary sequence consists of clastic and chemical metasedimentary units with mafic metavolcanic rocks at the base. The region has been subjected to greenschist to amphibolite facies metamorphism and associated deformation. The deposit is a steeply dipping outcropping hematite body, 5 to 40 meters thick, that trends approximately north-south with a narrow fold limb extending to the northwest. The resource contains massive and laminated hematite with minor intercalations of schist in the central and southern part of the ore body and softer granular hematite in the north, particularly north of the Vila Nova River where it becomes interspersed with iron rich schist (itabirite).


2015 Vila Nova placed on care and maintenance pending a recovery in iron ore prices
2012 5 year transportation and port shipment contract signed with Anglo Ferrous for use of their railroad and port facilities
2011 Commercial production began
2009 Acquired remaining 25% interest in Vila Nova, increasing our interest to 100%
2007 Increased our interest to 75% in Vila Nova
2006 Acquired a 50% interest in Vila Nova after exercising our option
2005 Eldorado signed an option agreement to acquire 50% of the Vila Nova project with Mineracao Amapari SA