off-the-wire

Brazil mining sector posts higher Q1 revenue, association says

Kitco Media
By Reuters
Published:
Updated:
Reuters
Brazil mining sector posts higher Q1 revenue, association says teaser image

Brazil’s mining sector generated revenue of 77.9 billion reais ($15.6 billion) in the first quarter, up 6% from a year earlier, Brazilian mining industry association Ibram said on Wednesday.

Sector exports totaled 87.9 million metric tons in the quarter, up 0.9% year-on-year.

Export revenue rose 21.5% to $11.4 billion.

Iron ore exports reached 84.8 million tons, up 0.8%, valued at $6.2 billion, up 2.4%.

Iron ore accounted for 48% of total sector revenue at 37.5 billion reais, down 3% from a year earlier.

Ibram represents companies including Vale, Gerdau, ArcelorMittal and Mosaic.

($1 = 4.9947 reais)

(By Marta Nogueira and Isabel Teles; Editing by Emelia Sithole-Matarise)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.