Iron Ore Production To Continue To Rise
Brazil's iron ore sector is poised to continue its recent expansion, which has seen the country consolidate its status as the second largest exporter in the world after Australia. Total production is forecast to reach 412mt (million tonnes) in 2011, an increase of 11.4% on volumes in 2010. Much of this growth is expected to have been derived from the expansion plans implemented by Vale, the world's largest iron ore miner, with output at the company's Carajas mine, which is situated in Para state, set to be expanded by 30mt to 130mt in 2011. Looking further ahead we forecast total iron ore output to increase by nearly 58% between 2010 and 2015 when it will reach 583mtpa. Average growth over our 2011-2015 forecast period is expected to be an impressive 9.7% year-on-year (y-o-y).
Regulatory Environment
A new Brazilian mining code seeking to eliminate speculation and force companies to develop projects faster was reportedly close to completion in March 2011, according to the country's Mines and Energy Minister Edison Lobao. The new code is expected to reduce the length of time companies have to complete explorations of mineral deposits in order to stop companies from buying deposits and selling them on after prices rise. The code will have a specific clause regulating uranium mining, which currently can only be mined by state-owned companies. The new code is not expected to discriminate against foreign ownership of mining assets, though it is expected to offer tax incentives to companies that are involved in domestic steel production, rather than producing ores for export and processing abroad.
Key Players
A small number of large multinationals dominate the Brazilian metals and mining industry. Large multinational players operating in the Brazilian mining industry include: Australia-based BHP Billiton, Brazil's Vale and UK-based Rio Tinto. Vale operates primarily in Brazil, China and Europe. It has operations in 14 Brazilian states and also has a presence across the US, Africa, Asia and Australasia. Other important firms include US-based Jaguar Mining, which explores and extracts gold in the Minas Gerais state. It has operations in four regions: the Sabara region, the Turmalina region, Paciencia and the Santa Barbara regions. Mirabela Nickel is an Australian-owned nickel producer. The company operates one of the world's largest open pit nickel sulphide mines, Santa Rita, located in Bahia state.
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Partial Table of Contents:
SWOT Analysis
- Brazil Political SWOT
- Brazil Economic SWOT
- Brazil Business Environment SWOT
Global Mining Outlook
- Table: Main Frontier Mining Projects
- Table: Lower Grades At Key Mines
- Table: Uranium Developments
- Table: Regulatory Issues
- Table: Other Developments
Industry Trends And Developments
- Table: Brazil's Mining Industry, 2011-2015
Americas Mining Business Environment Ratings
- Americas Mining Business Environment Ratings
Political Outlook
Industry Forecast
- Bauxite: Output To Rebound Following Decline
- Table: Main Expansion Plans
- Table: Bauxite Production, 2008-2015
- Iron Ore: On the Cusp of a Golden Age
- Table: Largest Development Projects
- Table: Brazil's Iron Ore Output, 2008-2015
- Nickel: Output to Triple Over Forecast Period
- Table: Largest Development Projects
- Table: Brazil's Nickel Output, 2009-2015
- Zinc: Decline In 2010 Output But Growth Expected Ahead
- Table: Key Expansion Plans
- Table: Brazil's Zinc Production, 2007-2015
Regulatory Development
Competitive Landscape
- Table: Key Players In Brazil's Mining Industry
Company Monitor
- Vale
- Mirabela Nickel
- Jaguar Mining
- Alcoa Inc
- Table: Key Company Data, Fiscal Year Ended December 2006-2010 (US$mn)
Commodities Forecasts
- Aluminium
- Copper
- Lead
- Nickel
- Tin
- Zinc
- Gold
Global Assumptions
- Table: Global Assumptions, 2009-2015
- Table: Regional Real GDP Growth, 2010-2013 (% change y-o-y)
- Table: Selected Exchange Rates, 2010-2013 (average)
- Developed States
- Table: Developed States' GDP Growth, 2010-2013 (% change y-o-y)
- Emerging Markets
- Table: Emerging Market's GDP Growth, 2010-2013 (% change y-o-y)
- Consensus Forecasts
- Table: Consensus Forecasts, 2011 And 2012
Country Snapshot: Brazil Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2000-2003
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 1999-2004
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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
