Brazil is the world’s 5th largest country, and Latin America’s largest country. Brazil includes 26 states plus a Federal District. The mining sector of the country comprises almost 7% of its GDP. With rich mineral resources, Brazil is a leading mineral exporter.
Brazil produces 72 different mineral substances due to its diversified geological formations. It exports Niobium, Iron Ore Vermiculite, Graphite, Bauxite, Kaolin, Nickel, Tin, Magnesite, Manganese, Chrome, Gold and Ornamental Stones.
Gold in Brazil has a long history stretching as far back as the 1700s, when a gold rush in the then-Portuguese colony opened the country up to the major gold-producing region of Ouro Preto — Portuguese for “black gold.”
Brazil has recently made changes to its decades-old mining laws, aimed at making the local industry more competitive and sustainable.
Pará state hosts many of the minerals and is the second largest producer of Iron Ore, Brazil’s dominant mineral production.