Mining Sector Revenue Is 95% Higher Than the Same Period in 2020, Creating 11,000 New Jobs

Mineral Production in Brazil Generated Revenue of R$ 70 Billion in This First Quarter of 2021. Thousands of Jobs Were Created with the Growth of the Numbers

Even with all the problems caused by the pandemic, Brazil had a mineral production 15% higher in the first quarter of 2021 compared to the same period last year. The numbers show the enormous importance of Brazilian ore in the recovery of the country’s economy, generating thousands of new jobs.

• International mining companies want to invest in Brazil and make the country a reference in mineral exploration
• Petrobras completes tests of renewable diesel
• Mining and Development Program is launched by the Government to attract investments and stimulate Brazil’s recovery
• The mining sector gains momentum from the Federal Government in a new industrialization project published in the DOU
• Pampa Sul Thermal Power Plant is authorized to begin its commercial generation

The Brazilian Institute of Mining (IBRAM), an organization linked to the Ministry of Mines and Energy, reports that the growth in tons was 15%, compared to the same quarter of 2020. The sector received double the taxes, generating around 11,000 direct jobs, 6% more compared to last year. The country managed to nearly double its revenue compared to last year, due to several factors. These include the currency variation, increase in the price of international ore, among other reasons.

The negotiation/exploration of ore in Brazil generated revenue of R$ 70 billion this quarter. In 2020, the sector had a revenue of R$ 36 billion in the first quarter. This amount is 95% higher compared to last year.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

Iron ore has the largest share of the revenue, accounting for 70% of the value, gold has 11%, copper 5% and bauxite 2%. The Secretary of Geology, Mining and Mineral Transformation, Alexandre Vidigal, highlighted that the numbers prove the commitment of mining companies and professionals to the economic development of Brazil.

IBRAM also showed that the balance of trade in the mining sector was US$ 10.7 billion. The numbers were decisive for the Brazilian trade balance to have a positive balance in this first quarter. Click here to access more detailed information about the revenue.