Brazil Mining Industry | Invest in Brazil
Unlike iron manufacture and the railways, which were developed by the government, the mines became the nucleus for the formation of the financial cliques, or zaibatsu. One such zaibatsu, Sumitomo, had acquired refining technology, and was naturally eager to introduce ore- and coal-mining technology. For Mitsubishi, too, a shipping company .Iron ore is found in nature in the form of rocks, mixed with other elements. By means of various industrial processes incorporating cutting-edge technology, iron ore is processed and then sold to steel companies. The iron ore produced by Vale can be found in houses, cars and appliances.