SOURCE: Industrial Info Resources

Industrial Info Resources

September 09, 2011 06:30 ET

South America Is a Resource Force With $216 Billion in Mining Project Development, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Sep 9, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- South America, home to vast mineral resources, will remain an attractive place for foreign investments in the Metals & Minerals Industry in coming years. With more than 350 operational mines and about 400 active mining projects representing combined investments of more than $216 billion, project activity on the continent is growing substantially, thanks to worldwide and domestic demand for mined raw materials.

All of South America's operational mines and mining projects are featured in Industrial Info's newly released South America Mining Industry Wall Map, 2nd Edition.

Overseas investments are growing significantly. China and India are investing heavily in South American coal and iron ore mining projects and shipping infrastructure to feed growing demand for resources at home.

Global miner Anglo American plc's (PINK:AAUKY) (London, England) has an $85 billion growth pipeline, most of which is focused on projects in South America, while industry giants Vale SA (NYSE:VALE) (Rio de Janeiro, Brazil), Rio Tinto plc (NYSE:RIO) (London) and BHP Billiton (NYSE:BHP) are investing heavily in South American mining projects.

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