INSUBCONTINENT EXCLUSIVE:
The Brazilian mining sector has shown impressive growth in 2024, demonstrating its ability to adapt to global challenges
stems from a surge in export volumes, which totaled 114.2 million tons, up 5.6% year-over-year
contribution to the Brazilian economy extends beyond exports
Tax revenue from mining activities rose by 5% to R$ 19.6 billion ($3.5 billion) in the third quarter.The Financial Compensation for Mineral
Exploration (CFEM) increased by 13.4%, amounting to R$ 2 billion ($357.14 million)
Looking ahead, the industry maintains a positive outlook
Investment projections for 2024-2028 remain steady at $64.5 billion.Brazilian Mining Revenue Soars to R$56.7 Billion in Q3 2024
(Photo Internet reproduction)Investors will distribute these funds across various segments
Iron ore projects will receive $17.3 billion, socio-environmental initiatives $10.7 billion, and logistics improvements $10.4
emerged as top-performing states, contributing 42.3% and 34.4% of the total revenue, respectively
Employment in the mining sector has also grown.The industry created 5,447 new jobs in the first half of 2024, bringing total direct
as a key player in the global energy transition
The country boasts significant reserves of critical minerals essential for renewable technologies, including niobium, nickel, rare earth
elements, graphite, and lithium.As the industry grows, it focuses on sustainability and technological innovation
Mining companies are investing in advanced technologies to minimize environmental impact and reduce carbon emissions.The use of artificial
intelligence, machine learning, and automation is expected to enhance efficiency and safety in mining operations
