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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure Leases Abstract  
Schedule of right of use
           
  December 31, 2022 Additions and contract modifications Depreciation Transfer to asset held for sale Translation adjustment December 31, 2023
Ports 657 24 (59) - 6 628
Vessels 453 4 (42) - - 415
Pelletizing plants 204 24 (51) - 16 193
Properties 87 12 (25) - 6 80
Energy plants 39 - (5) - - 34
Equipment and Installment of mining 15 10 (8) (8) - 9
Total 1,455 74 (190) (8) 28 1,359
Schedule of lease liabilities
             
  December 31, 2022 Additions and contract modifications Payments (i) Interest Transfer to liabilities held for sale Translation adjustment December 31, 2023
Ports 690 24 (66) 31 - 3 682
Vessels 441 4 (63) 15 - - 397
Pelletizing plants 222 24 (64) 9 - 16 207
Properties 105 12 (27) 4 - 8 102
Energy plants 52 - (6) 3 - - 49
Mining equipment 21 10 (7) - (9) - 15
Total 1,531 74 (233) 62 (9) 27 1,452
Current liabilities 182           197
Non-current liabilities 1,349           1,255
Total 1,531           1,452

 

(i) The total amount of the variable lease payments not included in the measurement of lease liabilities was US$112 recorded in the income statement for the year ended December 31, 2023, (2022:US$ 367).
Schedule of summary of annual minimum payments related
                               
    2024   2025   2026   2027   2028 onwards   Total   Remaining term (years)   Discount rate
Ports   70   69   56   43   737   975   3 to 20   4% to 5%
Vessels   60   59   54   53   292   518   2 to 10    3% to 4%
Pelletizing plants   60   50   17   17   115   259   1 to 10    2% to 6%
Properties   28   18   16   14   38   114   1 to 10    2% to 6%
Energy plants   10   10   6   5   46   77   1 to 7    5% to 6%
Mining equipment   8   4   2   -   -   14   1 to 5    3% to 6%
Total   236   210   151   132   1,228   1,957