Brazil boasts an illustrious mining industry. The Brazilian geology is endowed with a spectrum of metals and minerals – bauxite, niobium, iron ore, manganese, nickel, tantalum, copper, tin and gemstones. In fact, Brazil is responsible for one-fourth of the world's iron-ore output and is the fifth-largest producer of tin around the globe.

It is expected that over US$30bn worth of capital will be infused by various players into the Brazilian mining industry by 2012. Of the total, a substantial amount is planned to be spent by the industry to further research on metals and minerals.

Adding to the prospects of the Brazilian mining industry is the recent discovery of significant kimberlites, tungsten and copper deposits which have helped attract greater attention from both domestic as well as international mining companies.

Brazil’s domestic mining industry is forecast to log an average growth of 8.53% a year during 2008-2012 by Business Monitor International.

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