XML 168 R135.htm IDEA: XBRL DOCUMENT v3.24.1.u1
FINANCIAL INSTRUMENTS (Details 10) - Cash flow hedges [member] - Currency risk [member]
R$ in Thousands
12 Months Ended
Dec. 31, 2023
BRL (R$)
Number
IfrsStatementLineItems [Line Items]  
Designated amounts R$ 7,742,746
Amortized part (3,810,867)
Effect on Result (353,406)
Impact on Shareholders' equity R$ (2,509,225)
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 (1,170,045)
Effect on Result R$ (281,258)
Bondsand Exportprepaymentsin U S [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 (871,761)
Effect on Result (57,873)
Impact on Shareholders' equity R$ (506,984)
Bond One [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 2020 to November 2025 until December 2050
Exchange rate on designation | Number 4.0745
Designated amounts R$ 1,416,000
Amortized part (1,404,021)
Impact on Shareholders' equity R$ (1,332,313)
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
Impact on Shareholders' equity R$ (634,900)
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 (137,300)
Effect on Result (24,475)
Impact on Shareholders' equity R$ (113,299)
Export Prepayments In Us To Third Parties [Member]  
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 (110,740)
Effect on Result (14,312)
Impact on Shareholders' equity R$ (86,312)
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
Amortized part (60,000)
Effect on Result R$ 16,398
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$ 41,520
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$ 21,235
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
Amortized part (20,000)
Effect on Result R$ 8,720
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
Amortized part (37,000)
Effect on Result (606)
Impact on Shareholders' equity R$ 88,199
Export Prepayments In Us To Third Parties One [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$ 13,629