As a country of continental proportions, Brazil relies on an abundance of natural resources. Although these resources facilitate development, they cannot in themselves reduce social and economic inequalities. During the past decade different governments have established a legal framework that has attracted investors from various countries around the world. Major investments in infrastructure, industry and services have made Brazil an attractive target and boosted the country’s profile in the eyes of the rating agencies.
In the mineral resources field, Brazil occupies the top position among exporters of niobium, iron ore, manganese and bauxite, and also features prominently in the nickel, magnesium, tin and gold markets. The Brazilian oil and gas industry has boomed since the enactment of the Petroleum Law (9478/97) and the regulatory changes to the concession regime approved after the 1995 Amendment to the Federal Constitution, introduced by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In addition, Brazil has significant potential for development in the electricity field, especially with respect to renewable sources (eg, wind power, hydropower and photovoltaic).