Brazilian minister seeks Israeli mining investments

Wednesday, 03 April 2019 00:58:58 (GMT+3)   |   Sao Paulo

Brazilian mines and energy minister, Bento Albuquerque, met with Israeli investors this week to present investment opportunities in both the Brazilian energy and mining sectors. The minister’s presentation took place during President Jair Bolsonaro’s visit to Israel.

Albuquerque said the local mining sector, which includes mining companies operating in Brazil, should invest about $20 billion by 2022, amid improved GDP growth expectations for Latin America’s largest economy.

The minister said Brazil is also looking to expand the attractiveness of its mining sector by providing a stronger regulatory framework for investors. The mining sector accounts for 4 percent of the nation’s GDP.

Brazil’s key iron ore producers include Vale and CSN Mineração. Vale is the world’s largest iron ore producer.

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