Reuters, 8/14/2012
RIO DE JANEIRO, Aug 14 (Reuters) – Brazil will overtake Australia and regain its position as the world’s top iron ore exporter in 2017 after a giant new Amazon mine owned by Vale SA starts operations, Vale’s investor relations chief said on Tuesday.
The reversal will be sealed by the addition of new mines in Brazil, including Vale’s 90 million-tonne-a-year Serra Sul mine at its Carajas complex in Brazil’s northern Amazonian state of Para, investor relations director Roberto Castello Branco told investors in Rio de Janeiro.
Serra Sul is expected to start operations in 2016.
Posted by Brazil Institute 
