Brazil’s mining sector revenue grows 6% in first half of 2023

Vale Taquari-Vassouras (Image courtesy of Vale SA.)

Brazil’s mining sector’s revenue for the first half of 2023 grew 6% from a year earlier to reach 120 billion reais ($25.03 billion), according to data released on Wednesday by industry group Ibram.

The country’s mining exports in the first six months of the year reached 177.2 million metric tons, up 10.2% year-on-year, Ibram said.

($1 = 4.7952 reais)

(By Marta Nogueira; Editing by Sarah Morland)

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