Brazil is a key producer of iron ore, bauxite, kaolin and phosphate globally. The country’s total mineral production increased at a CAGR of 3.63% during the review period 2007-2011.
During the forecast period, the country’s minerals production is projected to grow at a CAGR of 13.32% over the forecast period 2012-2016.
Mineral production in Russia increased by 5.9% in 2011 over the previous year due to rising domestic demand from end-user markets.
The Russian government announced plans to increase state expenditure for mineral resource exploration to $23bn by 2020.
Over the forecast period, the country’s mining industry is anticipated to grow at a CAGR of 7.35% to reach 699.4 million tons in 2016.
During the review period, India’s mineral production grew at a CAGR of 4.88%, and is expected to grow at a CAGR of 7.90% over the period 2012-2016.
In 2011, China’s fuel mineral category dominated its mining industry with a 75.9% share of total production. It is expected to maintain its dominance during the forecast period.
The metallic mineral category is dominated by iron ore, and is accounted for 21.9% of total mining production.
The mining industry in the BRIC countries posted a healthy growth during the review period and the trend is expected to continue over the forecast period, the BRICdata report forecasts.
The full report, ‘The BRIC Mining Industry – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016’ is available from BRICdata. Click here for more details.
