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.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)