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BRIC countries' mining sector to see healthy growth over next five years: report

The mining industry in Brazil, Russia, India and China (BRIC) is anticipated to see a significant growth over the next five years, according a new report by the UK based research firm BRICdata.

Brazil is a key producer of iron ore, bauxite, kaolin and phosphate globally. The country's total mineral production increased at a CAGR of 3.63% during the review period 2007-2011.

During the forecast period, the country's minerals production is projected to grow at a CAGR of 13.32% over the forecast period 2012-2016.

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