NEW DELHI, India -- The report titled ‘Brazil Mining Market Outlook to 2017- Driven by Surging Mineral Exploration Activities’ provides a comprehensive analysis of the various aspects such as market size, segmentation, trends and developments and future projections of the mining market of Brazil. The mining market of Brazil is majorly comprised of minerals such as iron ore, bauxite, copper, niobium, lead, tin and gold which are produced by various open pit and underground mines in Brazil. The report provides the market share and company profiles of major players in major segments.
Brazil has considerable mineral deposits and globally is one of the largest producer and exporter of minerals. Brazil was the second largest producer of iron ore in the world after China in 2012 and contributed 17.0% to the global production of iron ore. In 2011, the main minerals that were exported from the country included iron ore, gold, niobium and aluminum. The mining industry of Brazil contributed 4.5% to its GDP in 2011 which amounted to USD ~ million.
The country has one of the largest reserves for the minerals such as niobium, tantalite, manganese, iron ore, bauxite and for other minerals. With 98.0% of the world’s total reserves for niobium, Brazil comprised of the largest reserves for niobium globally in 2012. Brazil had the second largest reserves for kaolin and constituted for about 28.0% of the world’s total reserves for kaolin in the same year. The country held the third largest reserves for tin in 2012.
Brazil has significant mineral deposits which are spread across different regions in the country. Brazil is rich in minerals such as bauxite, copper, iron ore, tin coal, gold and other commodities. Major minerals such as gold and iron ore are concentrated in the states of Minas Gerais and Para in Brazil. The Amazon basin in Brazil is concentrated with large amount of Kaolin. Carajas region consist of one of the world’s largest iron ore producing mine which is owned by Vale. The Carajas mine is located in the state of Para in the Carajas Mountains in northeastern Brazil. The Bahia region in Brazil is rich in minerals such as bauxite, iron, vanadium, nickel and chromium.
The mineral consumption in various sectors such as the construction industry, automobile industry, oil and gas industry and in chemical industries has driven the mining market of Brazil over the years. The mineral industry has also contributed considerably to the trade balance of Brazil over the years. The major minerals which were exported in 2012 were iron, gold, copper, niobium, manganese, aluminium and tin. The total mineral exports amounted to USD ~ million while the mineral imports to the country amounted to USD ~ million in 2012.
The mining sector of Brazil experienced significant investments in 2011. The investments in the iron ore mining industry of Brazil were worth USD 45,000 million and in the nickel mining market the investments were worth USD 6,700 million in 2011. The investments in the gold and zinc mining industry of Brazil in 2011 were USD ~ million and USD ~ million respectively.
The total production from the mining industry in Brazil is expected to reach ~ million metric tons by 2017 growing from ~ million metric tons in 2012. A spurt of investment is expected in the mining industry in the future. It is estimated that significant investments by the mining companies worth USD ~ million will made in the mining sector over the period 2012-2016. In the subsequent five years the mining market of Brazil is likely to experience growth owing to the new mining projects and the expansion of previous projects.
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