Mining in brazil: brazilian mining industry set for growth
One of the world's wealthiest countries in terms of natural resources, brazil mines some 50 different minerals according to the national department of mineral production (DNPM). In addition to being flush with iron ore, brazil holds sizeable reserves of gold and copper, as well as minerals used to make fertilizers, which are needed to keep up with the growing demand in the country's domestic agriculture industry.
Mining companies based in brazil are betting on continued high demand from China and the brazilian market remaining attractive. According to national mining institute Ibram, investments totaling US$75 billion are planned in the brazilian mining sector from 2012-2016, indicating the massive growth potential for exploration, development and production in the country.
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