The Economy
Although Ouro Preto now relies heavily on the tourism industry for part of its economy, there are important metallurgic and mining industries located in town, such as Novelis, former Alcan, the most important aluminum factory in the country, the Companhia Vale do Rio Doce, and others. Main economic activities are tourism, transformation industries, and mineral riches such as deposits of iron, bauxite, manganese, talc and marble.
Minerals of note are: gold, hematite, dolomite, tourmaline, pyrite, muscovite, topaz and imperial topaz. The imperial topaz is a stone only found in Ouro Preto.
Soapstone handicraft items are a popular souvenir among tourists, and can be found in many shops in the town centre and street fairs. Jewelry made of local precious and semi-precious gemstones (such as hematite) can also be found in abundance for sale.
Read more about this topic: Ouro Preto
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)