Brazil’s Money Makers: Oil and Mining Up, Coffee Down

Mr. Café State-controlled Brazil multinational Petrobras's oil production in domestic fields, grew 1.8% in November this year compared with October, to reach an average of 1.76 million barrels per day.

The increase in production was attained due to the entry into operation of two new platforms, with a combined capacity for producing 280,000 barrels per day: the Cidade de Vitória, on November 15, and the P-52, on November 28.

Adding up oil and gas production in domestic and foreign fields, production in November totaled 2.25 million barrels per day, 1.2% more than extracted the month before.

Copebrás 49% Up in Revenues

Copebrás, a company owned by the Anglo American Group, has already sold one million tons this year, up until early December. The result is a record high for the company, and occurred mostly due to the heating of the Brazilian agricultural market.

According to a press release issued by the company, this year Copebrás will post revenues of US$ 420 million, compared with US$ 281 million for last year. The information was supplied by the director in charge of the phosphate and niobium business unit at Anglo American Brazil, Cristiano Melcher. The value is 49.4% greater.

Anglo American is one of the world's leading groups in the mining and natural resources fields. It is the global leader in platinum and diamonds, and owns a significant market share of basic metals, iron ore and coal. The group operates in 64 countries.

In Brazil, the Anglo American Group is responsible for the operations of mining companies Mineração Catalão, Codemin and Copebrás, which owns operations in the states of Goiás and São Paulo. The company has been active in the Brazilian market since 1973 and employs over 3,800 people.

33.7 Million Coffee Bags

The Brazilian production of processed coffee already totals 33.7 million bags for the 2007/2008 crop, according to data supplied by the National Food Supply Company (Conab).

Of that total, 69.6% are of the Arabica variety, and 30.4% of the Robusta or Conilon types. The figure is 20.6% lower than production during the previous cycle.

The difference is due to the seasonality of the culture (which leads to lower productivity), to the drought that took place during the flowering period and to excessive rain in the months of December last year and January this year, which caused plagues and diseases in plantations.

The Brazilian state that harvested the most coffee was the southeastern Brazilian state of Minas Gerais, responsible for 45.9% of total production in the country. The state is the leading producer of Arabica coffee. The state of Espí­rito Santo, also in the Southeast, came in second, with 28.4% of the national crop. It is the leading producer of the Robusta variety.

Total planted area was 2.3 million hectares. Of those, 91.5% are under production and 8.5% are under formation. The harvest is already over in all of the producer states, including Minas Gerais, Espí­rito Santo, São Paulo and Bahia.

ABr/Anba

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