From the Newsroom*
São Paulo – Mining companies of Brazil are going to invest 56 billion Brazilian reais (US$ 29.5 billion) between 2007 and 2011, according to figures supplied by the Brazilian Mining Institute (Ibram). In the area of research alone, the sector investment this year will reach US$ 350 million.
Last year, mining industry revenues in the country totalled 36 billion reais (US$ 19 billion). The country is in an important position in the global ranking in the production of several ores. Brazilian niobium, for example, answers to 95.2% of global production, iron to 18.8%, manganese to 39% and tantalite, 13.4%.
This month the 12th Brazilian Mining Congress and the International Mining Conference are going to take place in Belo Horizonte, capital of the southeastern Brazilian state of Minas Gerais. The meeting is scheduled to take place between the 24th and 27th of September, at the Expominas exhibition hall. The events should bring together mining companies, suppliers, clients, service providers, mining specialists, educators, executives and government authorities from several countries.
*Translated by Mark Ament
