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Mining industry

Corporate mining has announced investments on the order of R$ 47 billion by 2013 in Brazil, the highest volume seen from private initiatives in the country.

Copper Mine © by BFS Man

This total represents a decrease of 20% over figures projected before the worst phase of the international financial crisis (R$ 57 billion). The Brazilian Institute of Mining, IBRAM estimates that investments between 2010 and 2014 will total R$ 50 billion, a clear demonstration of the consistent recovery of business in the mineral sector.