Why Brazil?
Development of Mirabela’s mining operations in Brazil are facilitated by a supportive economic and political environment.
As South America’s leading economic powerhouse, Brazil is a country rich in history, people, culture and mining. It has a combined geographic size, population and economy shared by only the USA and China and ranks in the world’s top five for production of a range of agricultural and mineral commodities.
Key statistics include:
- Population 192 million (5th largest)
- GDP 1.65 Billion (10th largest)
- Real GDP growth 5.3%
(source: Austrade)
Brazil offers a stable monetary policy, controlled inflation, high levels of employment and falling country risk ratings. Foreign investment in Brazil is welcome and is supported by:
- Sophisticated banking systems and financial markets
- Investment grade ratings
- Political stability
- Strong growth and relatively low inflation
According to data from the CIA, Brazil has an adult AIDS prevalence rate of 0.60%, which is the same as that in the USA. The country has a literacy rate of 88.6% of the adult population (15 and over).
The Brazilian economy is diverse, and lead by its strong agricultural and mineral resources industry. The mineral extractive industry is one of Brazil’s most important – with production value expected to reach $25 billion by 2010. There is a significant level of foreign investment in the Brazilian mineral sector, including in commodities such as iron ore, gold, nickel, bauxite and oil and gas.
