Brazil is the 8th largest economy is the world. It is South America’s most prominent economy and has the highest GDP in the region. The country has a well-developed commodities sector that includes iron ore exploration and production. Major resource companies with operations in the country include Rio Tinto, Vale and BHP Billiton.
Brazil hosts the world’s largest iron ore mine, the Carajás Mine, located in the Pará State in the northern part of the country. The region where is the Carajás Mine is located boasts the richest reserves and concentrations of iron ore anywhere in the world.
- August 2011 -