Brazil mining sector eyes US$57B in investment

SAO PAULO, Brazil (AP) -- The Brazilian Mining Association says it expects investments to expand the nation's mining industry will reach US$57 billion in the next four years.

The group predicts the iron sector will see an estimated US$37 billion in investments, or 65 percent of the total. About US$5.5 billion is anticipated for nickel exploration.

The association said in a statement Wednesday that its previous estimate, released in January, predicted investments of US$48 billion through 2012.

Brazil is home to the world's largest iron ore miner, Companhia Vale do Rio Doce SA, or Vale.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to Please provide detailed information.

powered by Disqus


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 28203934 -
Gray Television, Inc.