Rubystock Exploration & Mining - REM® is breaking ground in some of the highest mineralized areas of Brazil. Our property is surrounded by a number of significant precious and semi-precious metal and mineral finds. Brazil remains among the leading world producers of such mineral commodities as bauxite, columbium (niobium), iron ore, manganese, tantalum and tin. Brazil consistently produces 72 mineral commodities (46 industrial minerals, 22 metals and 4 fuel minerals and exports them to the global marketplace. Click Here for Images and stats of relevant minerals and gemstones. Brazil's economy was the world's eighth largest and THE LARGEST in Latin America, making up one-third of the region's economy. The mineral based industries produced $50.5 billion or 8.5% of GDP in 2000 and production has increased every year thereafter. Brazil's mining industry has attracted investor interest because of the country's diversified mineral endowment, the Government's macroeconomic policies, and a skilled labor force. Major international mining, petroleum and steel companies have staked notable interest and investments in the iron ore, steel, coal, gold, bauxite and diamond mining industries.
Brazil is also one of the world's leading producers and exporters of gemstones. Many different varieties are found throughout the country including emerald, aquamarine, diamond, amethyst, citrine, chrysoberyl, opal, topaz, agate and tourmaline. There is still great potential because of the 700 million cubic meters of sedimentary rocks that contain diamonds grading between 0.01 and 0.1 carat per cubic meter or 17.5 million carats. This represents about 1.2% of the world's diamond reserve (Department de Producão Mineral, 2004d, p. 60-61; Olsen, 2004a).
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