Mining grew 6% in the first half of the year

“The perspective is that throughout 2023 the result will be more favorable than that registered in 2022”, he evaluated.

The collection of taxes and duties in the semester was R$ 41.4 billion, 5.9% higher than the same period last year. Collection of Financial Compensation for Mineral Exploitation (Cfem) was R$ 3.4 billion, with an increase in revenues of 1.9%.

The trade balance of the mineral sector was US$ 13.66 billion, equivalent to 30% of the Brazilian trade balance.

According to Ibram, the price of iron ore in the first half was about 15% lower than in the first half of 2022. Mineral imports fell 34.2% in dollars and 6% in tons. Mineral exports in tons increased by 10.2%, but fell by 5.77% in dollar terms, due to much lower commodity prices than in the 1st half of 2022.

The mining sector foresees investments of US$ 50 billion until 2027, of which more than US$ 6.5 billion will be investments in socio-environmental actions.

The mining sector is responsible for the direct employment of more than 206,000 people.