Ren茅 Muschter
Research Expert covering Industry & Mobility
Mining in Brazil - statistics & facts
Being home to the second largest iron reserves in the world , the fourth largest bauxite reserves, and the seventh largest gold reserves, the bedrock of Brazil鈥檚 prominent mineral industry is mainly metallic ores. While the country鈥檚 mining industry dates back to the quest for gold in colonial times and was one of the main contributors to inland territorial occupation, its historic economic importance is still very much present to date. Mineral mining production in Brazil reached 41 billion U.S. dollars in 2020 and generated over 170 thousand direct jobs. Throughout the years, the sector has become imperative to the growth of the local economy, especially in the states of Par谩 and Minas Gerais.
