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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: SEDCO 445 who wrote (100732)	5/11/2008 12:48:19 PM
From: elmatador	Read Replies (2) of 206085

'newbuild rig spree'? Compare that with US$10 billion in investment was planned for 92 greenfield cane mills. These will include 17 in the northeast and 75 in the center-south, with 44 of those in Sao Paulo state, Brazil's main cane grower. Brazil could double production if about two-thirds of the planned projects are executed, Carvalho told Reuters after he addressed a Hart fuels and refining conference in Rio de Janeiro. Carvalho said some 5.5 million hectares were planted with sugar cane in Brazil, compared with a total crop area of 60 million ha and 300 million ha of livestock pasture. "Over the next 15 years, an extra 100 million hectares could be planted with cane, primarily on pasture land," Carvalho said, adding that the expansion would not involve felling trees planetark.com

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