Brazilian mine investments ‘on track’
Brazil’s mining industry leaders say the bulk of a five-year multi-billion dollar investment is on track despite the global financial crisis, it has been reported.
Those considering buying property in Brazil could be interested to hear the news which suggests the nation is good for investment.
Paulo Camillo Penna, head of the nation’s Mining Institute say that while some small firms may struggle, the industry is still seeing $57 billion (£38.5 billion) investment, according to Reuters.
Anthony Hodge, head of the International Council on Mining and Metals, told the news agency: "Many miners went into this crisis cash-rich and that hasn’t changed."
Meanwhile, people considering buying property in Brazil were this week advised by TheMoveChannel.com to get a good agent to help them.
The website added that investors should make sure they are in a better position where they understand the issues and risks attached with every negotiation in order to be protected.
