Brazil
News

Brazil’s Bahia state posts mining revenue increase

Bnamericas Published: Wednesday, November 09, 2022
Brazil’s Bahia state posts mining revenue increase

Contrary to the national scenario, mining revenues in Brazil’s Bahia state increased – by 1bn reais to 7.8bn reais (US$1.5bn) – in the first nine months of the year. 

Gold represented 25% of the state’s production, copper 21% and nickel 19%, according to state mineral research company CBPM.

Nationally, revenues totaled 75.8bn reais in the third quarter, down 30% year-on-year, according to most recent figures of Brazilian mining association Ibram. The reduction came as iron ore prices fell because of the slowdown of the Chin's economy.

Iron ore represents around two-thirds of Brazil’s mining output. About 70% of total Q3 mining exports related to iron ore, and two-thirds of this iron ore output went to China, according to Ibram.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals (Brazil)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: Planalto
  • Current stage: Blurred
  • Updated: 4 months ago
  • Project: São Jorge
  • Current stage: Blurred
  • Updated: 4 months ago
  • Project: Santa Luz
  • Current stage: Blurred
  • Updated: 4 months ago
  • Project: Compactos
  • Current stage: Blurred
  • Updated: 4 months ago
  • Project: Alemão
  • Current stage: Blurred
  • Updated: 4 months ago
  • Project: Cachoeira
  • Current stage: Blurred
  • Updated: 4 months ago

Other companies in: Mining & Metals (Brazil)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Ternium Brasil
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Thyssenkrupp South America
  • Since 1837, Thyssenkrupp South America, belonging to the German steel company Thyssenkrupp, offers the industrial sector solutions based on its services and high-end technologic...
  • Company: Sandvik do Brasil S.A.  (Sandvik Brasil)
  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
  • Company: Mazal Soluções em Equipamentos Ltda.  (Mazal)
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
  • Company: i.Systems S.A.  (i.Systems)
  • The description contained in this profile is taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine tran...
  • Company: MTSUL Construções Ltda  (MTSUL Construções)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...