The Brazil's miners will invest a record $75 billion in the
industry between 2012 and 2016, making it the country's
highest-value private sector business, according to mining
The investment will be higher than the $68.5 billion
estimated by Ibram for the 2011-2015 period
Fernando Coura, Ibram's director-president, said during the
opening ceremony of the 2nd International Congress on Mining
Law in Salvador, Bahia state.
Coura did not disclose investments per mineral, but said that
iron ore continues to play the main role within Brazil's mining
industry and predicted that investments in iron ore would reach
$45 billion, or 68% of the total, in the 2011-2015 period.
Iron ore output reached 467 million tonnes in 2011, 25% up on
2010, he added.