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FINANCIAL INSTRUMENTS (Details 10) - Cash flow hedges [member] - Currency risk [member] R$ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 BRL (R$) Number
IfrsStatementLineItems [Line Items] |  |
Designated amounts | R$ 8,382,746 |
Amortized part | (3,972,986) |
Effect on Result | (1,426,299) | [1]
Impact on Shareholders' equity | R$ 4,434,697 |
Export prepayments in us$ to third parties [member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/23/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | August 2018 - October 2022 |
Exchange rate on designation | Number | 3.2850 |
Designated amounts | R$ 30,000 |
Amortized part | (30,000) |
Effect on Result | R$ (11,832) | [1]
ExportPrepaymentsInUsToThirdPartiesOneMember |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/24/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | August 2018 - October 2022 |
Exchange rate on designation | Number | 3.3254 |
Designated amounts | R$ 100,000 |
Amortized part | (100,000) |
Effect on Result | (39,382) | [1]
Impact on Shareholders' equity |  |
ExportPrepaymentsInUsToThirdPartiesTwoMember |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/27/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | August 2018 - October 2022 |
Exchange rate on designation | Number | 3.3557 |
Designated amounts | R$ 25,000 |
Amortized part | (25,000) |
Effect on Result | (1,583) | [1]
Impact on Shareholders' equity |  |
ExportPrepaymentsInUsToThirdPartiesThreeMember |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/27/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | August 2018 - October 2022 |
Exchange rate on designation | Number | 3.3557 |
Designated amounts | R$ 70,000 |
Amortized part | (70,000) |
Effect on Result | (26,068) | [1]
Impact on Shareholders' equity |  |
ExportPrepaymentsInUsToThirdPartiesFourMember |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/27/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | August 2018 - October 2022 |
Exchange rate on designation | Number | 3.3557 |
Designated amounts | R$ 30,000 |
Amortized part | (30,000) |
Effect on Result | (20,038) | [1]
Impact on Shareholders' equity |  |
Export Prepayments In Us To Third Parties Five [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/28/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | August 2018 - October 2022 |
Exchange rate on designation | Number | 3.3815 |
Designated amounts | R$ 30,000 |
Amortized part | (30,000) |
Effect on Result | (11,253) | [1]
Impact on Shareholders' equity |  |
Export pepayments in us$ to third parties [member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 3/8/2015 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | July 2018 - October 2022 |
Exchange rate on designation | Number | 3.3940 |
Designated amounts | R$ 355,000 |
Amortized part | (355,000) |
Effect on Result | (22,356) | [1]
Impact on Shareholders' equity |  |
Bond [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 2/4/2018 |
Hedging instrument | Bonds |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | July 2018 - February 2023 |
Exchange rate on designation | Number | 3.3104 |
Designated amounts | R$ 1,170,045 |
Amortized part | (1,093,045) |
Effect on Result | (389,596) | [1]
Impact on Shareholders' equity | R$ 290,375 |
Bonds and export prepayments in us$ [member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 07/31/2019 |
Hedging instrument | Bonds and Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | January 2020 - April 2026 |
Exchange rate on designation | Number | 3.7649 |
Designated amounts | R$ 1,342,761 |
Amortized part | (829,661) |
Effect on Result | (770,870) | [1]
Impact on Shareholders' equity | R$ 745,432 |
Bond [member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 10/1/2020 |
Hedging instrument | Bonds |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | March 2027 - January 2028 |
Exchange rate on designation | Number | 4.0745 |
Designated amounts | R$ 1,416,000 |
Amortized part | (1,287,000) |
Effect on Result | (67,766) | [1]
Impact on Shareholders' equity | R$ 1,362,073 |
Bond Two [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 01/28/2020 |
Hedging instrument | Bonds |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | March 2027 - January 2028 |
Exchange rate on designation | Number | 4.2064 |
Designated amounts | R$ 1,000,000 |
Amortized part |  |
Effect on Result |  | [1]
Impact on Shareholders' equity | R$ 1,011,300 |
Bondsand Exportprepaymentsin U S One [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/6/2022 |
Hedging instrument | Bonds and Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | June 2022 - April 2032 |
Exchange rate on designation | Number | 4.7289 |
Designated amounts | R$ 1,145,300 |
Amortized part | (62,200) |
Effect on Result | (32,290) | [1]
Impact on Shareholders' equity | R$ 529,419 |
ExportPrepaymentsInUsToThirdPartiesSevenMember |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/6/2022 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | June 2022 - May 2033 |
Exchange rate on designation | Number | 4.7289 |
Designated amounts | R$ 878,640 |
Amortized part | (61,080) |
Effect on Result | (33,265) | [1]
Impact on Shareholders' equity | R$ 399,623 |
Bond Three [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/12/2022 |
Hedging instrument | Bonds |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | December 2022 - June 2031 |
Exchange rate on designation | Number | 5.0360 |
Designated amounts | R$ 490,000 |
Impact on Shareholders' equity | R$ 89,033 |
Advance On Foreign Exchange Contract [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/12/2022 |
Hedging instrument | Advance on foreign exchange contract |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | December 2022 - November 2023 |
Exchange rate on designation | Number | 5.1643 |
Designated amounts | R$ 60,000 |
Impact on Shareholders' equity | R$ 3,204 |
Advance On Foreign Exchange Contract One [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/12/2022 |
Hedging instrument | Advance on foreign exchange contract |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | December 2022 - December 2025 |
Exchange rate on designation | Number | 5.2565 |
Designated amounts | R$ 100,000 |
Impact on Shareholders' equity | R$ (3,880) |
Advance On Foreign Exchange Contract Two [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/12/2022 |
Hedging instrument | Advance on foreign exchange contract |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | December 2022 - January 2024 |
Exchange rate on designation | Number | 5.2660 |
Designated amounts | R$ 50,000 |
Impact on Shareholders' equity | R$ (2,415) |
Advance On Foreign Exchange Contract Three [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/12/2022 |
Hedging instrument | Advance on foreign exchange contract |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | December 2022 - November 2023 |
Exchange rate on designation | Number | 5.3270 |
Designated amounts | R$ 20,000 |
Impact on Shareholders' equity | R$ (2,186) |
Export Prepayments In Us To Third Parties Eight [Member] |  |
IfrsStatementLineItems [Line Items] |  |
Designation date | 1/12/2022 |
Hedging instrument | Export prepayments in US$ to third parties |
Hedged item | Part of the highly probable future monthly iron ore exports |
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate |
Hedged period | December 2022 - June 2027 |
Exchange rate on designation | Number | 5.0360 |
Designated amounts | R$ 70,000 |
Impact on Shareholders' equity | R$ 12,719 |
[1] | The realization of Hedge accounting cash flow is recognized in Other operating income and expenses, note 27.

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