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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gerdau SA | NYSE:GGB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.06 | 1.61% | 3.78 | 270 | 12:34:50 |
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
Dated August 9, 2023
Commission File Number 1-14878
GERDAU S.A.
(Translation of Registrant’s Name into English)
Av. Dra. Ruth Cardoso, 8,501 – 8° andar
São Paulo, São Paulo - Brazil CEP 05425-070
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Exhibit Index
Exhibit | Description of Exhibit |
99.1 | Material Fact, August 9, 2023 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: August 9, 2023
GERDAU S.A. | ||
By: | /s/ Rafael Dorneles Japur | |
Name: | Rafael Dorneles Japur | |
Title: | Executive Vice President Investor Relations Officer |
Exhibit 99.1
GERDAU S.A.
Tax ID (CNPJ/ME) 33.611.500/0001-19
Registry (NIRE): 35300520696
material fact
Gerdau announces certification of iron ore reserves in Minas Gerais
Gerdau S.A. (B3: GGBR / NYSE: GGB) hereby informs its shareholders and the general market that the independent certifier SRK Consulting has prepared the certification report for the iron ore reserves at the mine located in Miguel Burnier District, municipality of Ouro Preto (MG - Brazil). The herein mentioned mining operations are integral part of Brazil Business Segment, with the main focus on supplying iron ore for it.
The certification is a significant milestone for the BRL 3.2 billion investment in Gerdau's sustainable mining platform, aimed to provide ore with high-quality and competitive cost for the Ouro Branco (MG) plant, while also playing an important role in its decarbonization process. Disbursements for the year 2023 are already included in the investment Plan announced on March 1, 2023.
According to the conclusions of the report, the Company started to have certified reserves of 476 million metric tons1 of iron ore, according to the table below:
Miguel Burnier Summary Mineral Reserves at January of 2023
Classification | Million tonnes1 | ||
Proven | 138 | ||
Probable | 338 | ||
Proven and Probable | 476 |
Source: SRK, 2023 |
The Report was prepared according to industry best practices and in accordance with subchapter 1300 of Regulation S-K issued by the U.S. Securities and Exchange Commission – SEC, considering the technical report standard established by said regulation.
Considering the expected annual production level of 5.5 million metric tons2 of iron ore from the sustainable mining platform, the certified reserves indicate a 40-year life-of-mine from the investment, reinforcing Gerdau's commitment to the socioeconomic development of the state of Minas Gerais today and in the future.
São Paulo, August 09, 2023.
Rafael Dorneles Japur
Executive Vice-President and Investor Relations Officer
1 Dry metric ton; 2Wet metric ton, assuming a humidity of 10%.
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