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4 FINANCIAL INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2019
Financial investments [Abstract]  
Schedule of financial investment
Consolidated
  Current   Non Current
  12/31/2019   12/31/2018   12/31/2019   12/31/2018
CDB - Certificate of bank deposit (1) 481,409   882,376        
Government securities (2) 37,144   13,337        
Time Deposit (3)             7,772
Usiminas shares(4) 2,114,620            
Bonds(5)         95,719    
  2,633,173   895,713   95,719   7,772

 

(1)     Financial investment with restricted modality and linked to Bank Certificate of Deposit to secure a letter of guarantee from financial institutions.

 

(2)     Investments in National Treasury Bills (LFT) managed by its exclusive funds.

 

(3)     As of December 31, 2019, the investments in Time Deposit in custody to cover additional expenses of the sale of LLC was fully redeemed.

 

(4)     In December 2019, the Company opted to reclassify Usiminas' investment to current assets (see notes 8.f and 12.II), and part of the shares guarantees a portion of the Company's debt.

 

(5)     Bonds with Fibra Bank due in February 2028.