Gold Price: US $1,191.0/ounce
Brazil is the largest country in South America with an area of eight and a half million square kilometers and a population of approximately 190,010,647. Brazil has a coastline of over 7,367 kilometers on the east with the Atlantic Ocean and it borders with Venezuela, Suriname, Guyana and the department of French Guiana to the north, Uruguay to the south, Argentina and Paraguay to the southwest, Bolivia and Peru to the west, and Colombia to the northwest.
Brazil is a constitutional democracy with a strong national policy that encourages foreign investment. Due to Brazil's privileged geographical conditions, it ranks as one of the world's leading countries for mining investment. Since 1995, the country has had an internationally competitive tax regime and mining legislation attractive to both miners and explorers.
The country offers ample infrastructure, technical personnel, highly skilled professionals, and an established legal system. Mineral resources are defined and mining are rights guaranteed under Brazil's Federal Constitution, Federal Mining Code and various Executive Laws.
Currently, Brazil is the fourth largest producer of gold in the world. It also possesses world class bauxite, gold, iron ore, manganese, nickel, copper, phosphate, platinum, tin and uranium deposits.
Mining of surface gold deposits began in northern Brazil as early as the 16th century in the more easily accessible locations near the coasts and major rivers. However, difficulties resulting from location, climate, and political instability kept the region from systematic exploration until recently.
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