driving the development and growth of the aggregate segment. The Brazilian mining industry
is adopting innovative methods to withstand the increasing competition in the mining
sector. The mining market is experiencing an increased number of private labels. The leading
vendors in the Brazilian mining market are Vale S.A., MMX Group EBX, Votorantim
Metals, Alumar Consortium and MRN. Other leading vendors are Anglo American,
AngloGold Ashant, and ArcelorMittal.
Brazil is ranked third after Australia and Russia in the iron ore reserves within the country.
Brazil has high-grade reserves in the state of Para and most of the country’s operational
mines are located in Minas Gerais. Brazil ranked second globally after Australia in iron ore
production with the expansion of existing mines and the upcoming projects in the country.
Vale SA’s Apolo Mine in Minas Gerais, the Pedra de Ferro Project of Eurasian Natural
Resources Corporation Plc in Bahia, Vale SA’s Serra Leste Project in Para, Honbridge
Holdings Ltd’s SAM Iron Ore Project in Rio Grande do Sul, and the Jambreiro Project
in Minas Gerais are the projects due to commence over the coming years. Almost all the
iron ore mined in Brazil is exported to China, Japan, the Netherlands, South Korea,
Germany, France, and Oman. However, the Brazilian iron ore industry is dominated by
Vale SA which is the world’s largest producer of iron ore in Brazil.
Future Of Brazilian Mining Sector: It is estimated that Brazil's iron ore production growth
will remain strong in the coming years with low operating costs and solid projects in the
pipeline. Other foreign and domestic firms will continue advancing Brazilian’s 14 iron ore
projects in the near future. It was observed that Brazil in undergoing a major change in terms
of economic and infrastructure development in the recent years. The Brazilian government
is taking initiatives and the global events, such as the Olympics are investing in the
development of the country’s infrastructure. Brazil's mining sector recovery is steadily
progressing; however, the declining iron ore quality and prices will maintain a limited
growth. It was observed that the Brazilian mining industry will witness a steady growth over
the next few years.
Key Topics Covered in the Report:
Iron Ore Reserves in Brazil Market Report
Iron Ore Reserves in Brazil Market Analysis
Iron Ore Reserves in Brazil Market Forecast
Iron Ore Reserves Brazil
Brazil Iron Ore Exports
Major Iron Ore Producers in Brazil
Brazil steel production
Brazil iron ore consumption
Iron Ore Mining in Brazil Forecast
Iron Ore Production Analysis in Brazil
Iron Ore Production by Selected Mines in Brazil
Active Mines for Iron Ore Mining in Brazil
Iron Ore Mining Exploration Projects in Brazil
Iron Ore Mining Development Projects in Brazil
To know more, click on the link below