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

Written by Fabio Lucas Carvalho

Published on 26/04/2021 at 19:59

Foto: Ricardo Teles/Vale

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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.

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.

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Mineral Sector - Mining - Jobs - Revenue — Photo: **IBRAM**

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.

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

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