FINANCIAL TIMES-BRAZIL CONFIDENTIAL. Para seeks to benefit from mining investment

Pará seeks to benefit from mining investment

In spite of its geographical spread, Pará is an economic minnow that is just waking up to its potential as a mining and agricultural powerhouse. There are multi-billion dollar plans to exploit the state’s raw materials, build infrastructure and develop a supply chain that can generate employment and promote prosperity.

Much of the funding has been drawn from the private sector, with private investments of more than $50bn (R$79bn, £31bn, €35bn) scheduled to come into effect between 2010 and 2014.

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