Naperville, IL -- (SBWIRE) -- 10/31/2014 -- Reportstack, provider of premium market research reports announces the addition of Iron Ore Mining in Brazil to 2020 market report to its offering
Brazil has significant amount of crude iron ore reserves of 31 billion tonnes as of February 2014. The country holds high grade reserves in the states of Para and Minas Gerais, with most of the countrys operational mines located in the latter. Iron ore production is expected to grow over the forecast period 20142020 to 656.1Mt, following expected increase in demand, expansion of mines and upcoming projects until 2016.
The report contains an overview of the Brazilian iron ore mining industry together with the key growth factors and restraints affecting the industry. It also provides information about reserves, production, consumption, prices, trade, competitive landscape, major active, exploration and development projects and the fiscal regime of the country.
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Gain an understanding of the Brazilian iron ore mining industry, the relevant drivers and restraining factors, reserves, historic and forecast production, consumption, trade, prices, competitive landscape and the fiscal regime.
The Brazilian mining industry has played a crucial role in the countrys economic development by generating employment, earning foreign revenue and attracting foreign direct investment (FDI), with the industry accounting for 4% of GDP and employing 160,000 workers directly.
Domestic iron ore consumption was 65.2Mt in 2013, compared with exports estimates of 329.6Mt. Iron ore mined in Brazil is mostly exported to countries such as China, Japan, the Netherlands, South Korea, Germany, France and Oman.
The Minas Rio and Carajas Serra Sul S11D projects, located in the states of Minas Gerais and Para respectively, are expected to begin operation by the end of 2014 and the second half of 2016, with iron ore production capacities of 26.5 Mtpa and 90 Mtpa respectively..
Brazil exported a record high of 170.1Mt of iron ore to China in 2013; an increase of 4% over the previous year. Chinese iron ore imports from Brazil increased substantially over the decade, from 38Mt in 2003 to 170.1Mt in 2013.
Complete report is available