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Investments in Minas Gerais: a new chapter in mining, bringing a promising future with significant agreements and growth opportunities
Minas Gerais is about to enter a new era of mining, with the St. George Mining closing a significant deal $ 2 billion for the extraction of niobium e rare Lands No. Araxa Project, located in Alto Paranaíba.
The announcement was made first hand by Secretary of Economic Development, Fernando Passalio, which had previously revealed an investment of R $ million 420 of two mining companies.
With the mission of the state government in Australia still in progress, have already been attracted almost $ 2,5 billion in investments for the state.
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Following the Memorandums of Understanding (MoU) with the Lightning Minerals Limited e Perpetual Resources, which provide for contributions of R $ million 20 e R $ million 400, respectively, the agreement with St. George represents an important milestone for mining in Minas Gerais.
Project details: phases and employment opportunities
Os contributions of St. George Mining will be directed towards the study, development and operation phases of the mine, which is scheduled to begin construction in 2026 and start operations in 2027.
With this, the expectation is to achieve a productive capacity annual of up to 20 thousand tons of niobium and rare earths.
As part of the mining company's commitment, the company has pledged to prioritize the use of Providers and local labor, in addition to assessing the region’s infrastructure needs.
This strategy aims to stimulate the development of the sector raw material and strategic materials, with the aim of creating 400 direct jobs e até thousand indirect.
A new perspective for mining in Minas Gerais
Fernando Passalio, who leads the Minas Gerais delegation in Australia, commented on the importance of this historic moment: “We are opening doors that Minas Gerais has never opened.
The state had never been seen before by Australia, one of the biggest mining powers.
Now, we are showing that we are superior in mineral wealth, safe environment and quality of life.”
Diversification and new investments in progress
In addition to the arrival of St. George, Passalio highlighted the importance of diversification in the sector.
The extraction of niobium, which is currently monopolized by CBMM, will now have the participation of St. George, which also focuses on battery production.
The secretary mentioned that other investments are being negotiated and should be announced in the coming weeks, with the governor's team. Romeo Zema visiting countries such as Japan, China, Portugal and Azerbaijan.
Impact on the mining economy and future projects with rare earths and niobium
Investments in Minas Gerais are taking the state economy to a new level.
By October, the state had already attracted $ 64 billion in private contributions, with a goal of achieving $ 80 billion until 2025. Passalio highlighted that the diversification of investments covers sectors such as fertilizers, electronics, automobiles and solar energy.
“We are working on different fronts of attraction. The Jequitinhonha Valley, with the creation of the Lithium Valley, is becoming a hub of prosperity, generating employment and income”, explained Passalio, highlighting the importance of mineral extraction for economic development.
Benefits for municipalities and the production chain
The investments will also bring direct benefits to several municipalities.
The contribution of R $ million 400 da Perpetual Resources will be used for research and operation of projects focused on the extraction of lithium and rare earths, with the creation of 300 direct jobs in the regions of Aracuai, Salinas, Itaobim, Governador Valadares e Wells of Caldas.
Furthermore, Lightning Minerals Limited provides for an initial investment of R $ million 20, creating 20 direct jobs in the initial stages of projects Caribbean, Canabrava e Esperança .
Commitment to sustainable development
Finally, the secretary highlighted the collaboration with the Federation of Industries of the State of Minas Gerais (Fiemg) and rare earth miners, who seek to invest in CIT Senai ITR, the first rare earth magnet factory in Latin America, located in Lagoa Santa.
“These partnerships aim at advanced research for the production of magnets in Minas Gerais, promoting the verticalization of the production chain”, concluded Passalio.
With all these efforts and investments, the future of mining in Minas Gerais appears promising, opening new horizons for economic development and the responsible exploration of natural resources.
Selling a product that is worth more than gold is a tremendous shame.
Selling is surrender.
This is a shame for Brazil.. the guys say it is an investment and generates jobs. But they are selling our riches.. that is why I only have faith in CHRIST.. it is as GOD says in Jeremiah chapter 17 and verse 5;; thus says the LORD; **** the man who trusts in man, and makes his flesh his arm, and whose heart departs from the LORD...