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Our ore business mainly comes from Brazil Mining production in Brazil is now on the rise. Brazil is rich in mineral resources and now produces more than 70 kinds of minerals, including 21 kinds of metal minerals. Niobium and tantalum reserves are the first in the world, tin and graphite reserves are the second in the world, and iron ore resources are the fifth in the world. At present, it has more than 1,900 producing mines, and in recent years, Brazil has discovered a large amount of bauxite and copper resources, making Brazil a supplier of aluminum and copper resources to the world. Brazil's mineral deposits are mainly located in the southern and southeastern regions, mainly in the states of Minas Gerais and Sao Paulo. Since 1995, CVRD, Brazil's largest mining company, has become the world's largest iron ore producer. Brazil's total exports of all minerals and metals in 2003 increased by 22 per cent over 2002, with total exports reaching $17.3 billion. The final trade balance was a record, with a surplus of $4.65bn, 2.5 per cent of the previous year. The minerals exported are mainly iron ore, bauxite, kaolin and construction stone produced according to standard specifications.
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