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12/07/2017 - 19:54hs
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Ore sales from Brazil to Middle East increase

Exports to Arab countries amounted to USD 564 million in the first half of the year, up 133% from a year ago.



São Paulo – Ore exports from Brazil to Arab countries fetched USD 564.5 million in the first half of the year, up 133% from H1 2016, the Brazilian Ministry of Industry, Foreign Trade and Services reported. Iron ore and concentrates made up the entirety of Brazilian ore sales to the region in H1 2017.

The leading buyer was Oman, where Brazil’s mining company Vale owns an ore pelletizing plant and a seaport. Sales to Oman reached US 267.5 million, up 131% from H1 2016. Bahrain placed second at USD 129.5 million, up 227%.

Egypt, the third biggest importer, bought USD 87.5 million worth of ore, up 74.5% from H1 2016. Next came the UAE at USD 46.8 million, as against nil in H1 2016. Libya ranked fifth at USD 33 million, up 146%.

Overall

Generally speaking, Brazilian mineral industries exported USD 22.6 billion worth of product in H1. Mining product imports to Brazil came out to USD 11.1 billion, leading to a USD 11.5 billion trade surplus, according to the Brazilian Ministry of Mines and Energy. These figures include not only ores, but also mineral process industry numbers.

The actual mining industry grossed USD 12.3 billion in H1 2017, up 64% from H1 2016. Iron ore accounted for 82% of revenue.

Imports of minerals reached USD 3.9 billion, up 53% and driven by purchases of metallurgical coal, according to the Ministry of Mines and Energy.

*Translated by Gabriel Pomerancblum

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