The supply of iron ore that Brazil produces surged in June. Brazil is the second largest iron ore exporter in the world, after Australia. China leads in demand of consumption of Brazil’s export. Brazil is a resource-rich country that has proved to be a great investment for people living there, but also foreign investors. Brazil is the largest economy in South America, and it is seen as an important hub for both its geographic location, as well as its resources. Iron ore is just one of these resources, and it saw records in output break this year from its mining giant Vale. Vale’s mining also saw records in its production of copper, as well as gold. South Korea spent $100 Million in the mining company Manabi Holding SA in 2011 for an iron-ore exploration project.
Zeca Oliveira is an investor in Brazil. He is the president of Bridge Trust, which is a Brazilian-based investment group. He has long been a prominent figure in business, both in Brazil and worldwide. Bridge Trust does not focus in the manufacturing processes of Brazil’s economy, but the products and services side.
Another way that Zeca Oliveira is a prominent figure in business, is his entrepreneurial methods. In 2012 he took over as a vice president of an Olympic club. He then invested in the team. He says that it will help Brazil’s chances in 2016.
Brazil is hosting the 2016 Summer Olympics which will be held mainly in Rio de Janeiro, but will have other venues elsewhere throughout the country. Brazil is the first country in South America to have ever hosted the Olympic Games, and it is seen as a symbol of pride to have the country host the games.
For a long time, Brazil has been seen as an agricultural or manufacturing hub, but it is emerging with a diverse economy, that seems to have a vital future. The Summer Olympics will only improve its economy due to the foreign investors that see it is a great opportunity for tourism.