RIO DE JANEIRO, BRAZIL - Brazilian mining companies have posted revenues of R$219.9 (US$40) billion from January through August this year, 112% more than in the same period last year, according to data released Wednesday (6) by the Brazilian Mining Institute (IBRAM) during the online Exposibram trade show. In 8 months, the sector's revenue has surpassed the whole of 2020 (R$103.7 billion)
According to IBRAM, the result reflects the appreciation of the main minerals throughout the year. Iron ore was traded above US$220 in July 2021 and despite the sharp decline in recent months . . .
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