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Strategies & Market Trends : BRIC Econ News -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (6)	3/10/2008 12:38:58 PM
From: elmatador	Read Replies (1) \| Respond to of 10

Brazilian mining to receive US$ 32 billion The mining industry in Brazil plans to invest US$ 32 billion by 2011, according to forecasts by the Brazilian Mining Institute. Of this total, US$ 14 billion should be sent to the iron ore sector. The heated domestic and foreign markets are the reasons for greater investment. São Paulo – The Brazilian mining industry is going to invest US$ 32 billion up to 2011. The figures were disclosed by the Brazilian Mining Institute (Ibram). Up to February this year, the forecast was for the sector to receive US$ 28 billion by the same date. "We have revised our calculation upwards, based on what has been informed by the companies, which are increasing their production to supply the growing demand on the foreign and domestic market," stated Ibram president Paulo Camillo Penha in a press statement. Of the total investment forecasted, US$ 14.13 billion should be turned to iron ore, US$ 7.68 billion for nickel, US$ 4.11 billion for activities like alumina and US$ 1.6 billion for bauxite. Ibram is going to promote, starting today (10), an exhibition about the sector in the Black Hall of the National Congress of Brazil, in Brazilian capital Brasília. "It will be an opportunity to show the public opinion that mining invests in Brazil and that it needs support from authorities to continue contributing to the sustainable development of Brazil," said Penha in a press statement. The heated market in the mining sector has been causing expansion, for example, in the offer of jobs. According to figures supplied by the Ibram, at company Samarco Mineração alone, over 400 people were hired in January this year. And there are currently over 20 positions open. The increase in the number of workers is due to a palletising project at the company. Yamana Gold, another organisation in the area, which operates in the prospecting and extraction of gold, is seeking 107 interns and trainees. The company is Canadian, but has operations in the Brazilian states of Bahia (N), Mato Grosso and Goiás (both in the MW). Vale do Rio Doce, a Brazilian giant in the sector, should hire, in the state of Pará (N) alone, over 35,000 people between this year and 2012. The company is going to more than double the number of employees in that region, where they employ little over 32,000 people. Vale is also investing in the qualification of workers. "An increase in the work posts is a reflex of growth in the mining industry and of domestic and international market demand, especially in Asia," stated the Human Resources general manager at Vale, João Menezes. Among the greatest demand in the market is the search for professionals in the infrastructure area, like engineers, architects, urbanists, geologists and technicians. The National Confederation of Engineering, Architecture and Agronomy (Confea) estimates that there is a lack of 3,000 professionals specialized in the area in Brazil alone. According to the chairman at the organisation, Marcos Túlio de Melo, each year 23,000 engineers graduate in Brazil. "This figure should be three times greater to supply the current need," said Melo.