United Kingdom-Rio Tinto invest US$213 billion in Brazil.

BRAZIL.

US$ 213 BILLION INVESTMENT IN BRAZIL.

Rio Tinto the mining giant, is to invest a further $2.3 billion into exploration in Brazil it announced on Wednesday.

The London based company, wants to increase production of iron ore and help to meet increased demand from the Middle East.

This is more good news for the economy of Brazil, that cannot seem able to put a foot wrong in recent times.