Report on Brazilian Mining Industry [2015-2019]

Jan 01 2016 Mumbai, India: Bharatbook.com announces a report on “ Report on Brazilian Mining Industry [2015-2019]”. The difficulty in procuring licenses for mining is expected to deter the market growth during the forecast period. Brazil has a very complex regulatory framework for the mining sector.

Market research analyst predicts the Brazilian mining industry to witness a steady growth at a CAGR of around 5% during the forecast period.  The increased demand for minerals globally is driving the growth of this market. Brazil is rich in mineral ores and is one of the chief exporters of minerals. For instance, China is heavily dependent on Brazil for iron ore for its steel production. The growth of the global automobile industry is also creating a demand for various products thereby driving the Brazilian mining industry.

The difficulty in procuring licenses for mining is expected to deter the market growth during the forecast period. Brazil has a very complex regulatory framework for the mining sector. Approval processes and jurisdiction is divided among the federal, state, and municipal governments. Mineral exploration licenses are approved by the DNPM at the federal government level, and development concessions are issued by the MME. The licenses are renewed on the basis of the final exploration report.

Segmentation by minerals and analysis of - aggregates, iron ore, bauxite, and phosphate concentrate

The aggregates segment dominated the market during 2014 with a market share of 54% and is anticipated to witness the fastest growth during the forecast period. The increased demand from the construction sector is driving the growth of this segment. For instance, nearly 10 thousand tons of aggregates is required for paving a road of one kilometer while a 50 square meter low-cost house requires 68 tons of aggregates. Minas Gerais, Sao Paulo, Rio de Janeiro, and Parana are the key regions in Brazil driving the growth of the aggregate segment.

The report offers an...