XML 76 R64.htm IDEA: XBRL DOCUMENT v3.8.0.1
27. COMMITMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments Tables  
Take-or-pay contracts

As of December 31, 2017 and 2016, the Company was a party to take-or-pay contracts as shown in the following table:

 

    Payments in the period (in
millions of R$)		                          
Type of service   2016   2017     2018   2019   2020   2021   After 2021   Total
Transportation of iron ore, coal, coke, steel products, cement
and mining products.		   873,186   957,373     877,288   877,288   854,609   732,391   3,602,687   6,944,263
Supply of power, natural gas, oxygen, nitrogen, argon and
iron ore pellets.		   621,551   563,743     246,624   36,159   36,159   36,159       355,101
Processing of slag generated during pig iron and steel
production		   49,487   8,880     6,012   6,012   6,012   6,012   7,515   31,563
Manufacturing, repair, recovery and production of ingot
casting machine units.		   36,765   52,103     18,118   5,665               23,783
    1,580,989   1,582,099     1,148,042   925,124   896,780   774,562   3,610,202   7,354,710
Minimum future payments related to government concessions

Minimum future payments related to government concessions as of December 31, 2017 fall due according to the schedule set out in the following table:

 

Concession   Type of service   2018   2019   2020   2021   After 2021   Total
FTL (Ferrovia Transnordestina Logística)   30-year concession granted on December 31, 1997, renewable for another 30 years, to develop public service and operating the railway system in northeastern Brazil. The northeastern railway system covers 4238 kilometers of railway network and operates in Maranhão, Piauí, Ceará, Paraíba, Pernambuco, Alagoas and Rio Grande do Norte.   9,069   9,069   9,069   9,069   54,414   90,690
Tecar   Concession to operate the TECAR, a solid bulk terminal, one of the four terminals that make up the Port of Itaguai, located in Rio de Janeiro. The concession was renewable and the agreement expires in 2047.   107,296   107,296   107,296   107,296   2,789,696   3,218,880
Tecon   25-year concession started in July 2001. On May 10, 2017,, was approved the Decree nº 9,048, which changes de concession extension period for port operations. It was established that the requested extension period, added to the initial period, cannot exceed 70 years.      30,958   30,958   30,958   30,958   139,309   263,141
        147,323   147,323   147,323   147,323   2,983,419  

 

3,572,711