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294 Views 0 Replies Latest reply: Dec 12, 2011 5:55 PM by jhxml RSS
jhxml Pro 70 posts since
Oct 26, 2011
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Dec 12, 2011 5:55 PM

The Brazilian is expected to gold mining industry investment increased greatly

According to the Brazilian "globaltimes" reported, Brazil is expected to mining research institute,the country's gold mining industry over the next four years of new investment will be us $2.4 billion, considerably more than the current total investment of $900 million industry level.

 

The report notes, the global economic recession that investors more inclined to safety, value of gold crusher (1668.30, 0.10, 0.01%), central Banks and ordinary consumer gold demand reached a record high, gold prices around the world in the past 10 years is up 540%, and the gold mining industry to it is a historic opportunity. At present the Brazilian ore export structure, the iron ore accounted for 80% of the dominant position, the second is gold, accounted for 5%. 

 

Report says, Brazil 2010 production 62 tons of gold, the highest in the world 13 th, but the actual production capacity can reach 503 tons. With the mining high-tech means, Brazil is likely to become the world's biggest gold ore crusher, the government believe in the next 5 years the country's annual gold can at least doubled. 

 

From South Africa world famous British  gold producers company plans additional invested $1.1 billion in Brazil, used for the maintenance of existing gold mine, expansion and the exploration of the new project. 

 

The Brazilian national mining production bureau data show that the country's current 93.7% of gold mining equipment USES is the modern industrial means, in mining equipment and technique of the additional investment, show the optimistic forecasts of the market.

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