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Australian company invests R$400 million in Minas Gerais, with the expectation of creating 300 direct jobs in the benefited municipalities.

Published 30/10/2024 às 12:58
Minas Gerais, jobs
Photo: Reproduction

With an investment of R$400 million, an Australian company chooses a state in the Southeast for a project that will create around 300 direct jobs. Find out how this initiative will boost the local economy!

In an announcement made this Wednesday . in Sydney, the Perpetual Resources, an Australian company focused on the extraction of critical minerals, confirmed an investment of R $ million 400 in Minas Gerais.

This project foresees the creation of around 300 jobs direct investments in the municipalities of Araçuaí, Salinas, Itaobim, Governador Valadares and Poços de Caldas. The expectation is that this financial contribution will boost the exploration of lithium and rare earths, in addition to strengthening the local supply chain.

Photo by Renee Nowytarger www.reneenowytarger.com or www.rnphoto.au Contact@reneenowytarger.com

Strategic investment in Minas Gerais

The investment announced by Perpetual Resources will be directed towards the development of the Raptor, Isabella and Itinga projects, which focus on research, development and operation for the extraction of minerals, mainly lithium.

These resources are considered essential for the advancement of sustainable technologies, including batteries for electric vehicles and other equipment in the energy sector. clean energy.

The Memorandum of Understanding (MoU), signed between the company and the Government of Minas Gerais, is the result of a cooperation agreement supported by the State Secretariat for Economic Development (Sede-MG) and Invest Minas. The latter has been a key player in facilitating approval processes and connecting Perpetual with local suppliers.

Partnership with Invest Minas and local benefits

To support the investment, Invest Minas will continue to work to connect Perpetual with regional suppliers. The agency also plays an important role in intermediating environmental licensing and other approvals, simplifying the process for the Australian company.

According to João Paulo Braga, CEO of Invest Minas, “We are excited about this agreement with Perpetual Resources, reaffirming Minas Gerais’ commitment to supporting strategic critical minerals projects. Our goal is to foster sustainable development by facilitating partnerships, connecting with local suppliers and supporting all phases of licensing and approvals. We want to strengthen the battery materials supply chain and attract investments that generate new opportunities and jobs.”, He stated.

This joint effort also strengthens Minas Gerais as an attractive hub for international investment in high-demand sectors, such as rare minerals. Fernando Passalio, Secretary of State for Economic Development, highlighted the importance of this project for the state: “This memorandum represents an important step for our state, highlighting both the attractiveness of Minas Gerais for international investments and our favorable environment for entrepreneurship, with economic freedom and legal security,” said.

Company

Perpetual Resources, listed on the Australian Stock Exchange (ASX), is involved in the exploration of lithium and rare earth elements.

The company already has around 12,5 hectares licensed for extraction in the Lithium Valley region, in Minas Gerais, in addition to operating the Beharra project, focused on the extraction of silica sand in Australia.

Julian Babarczy, CEO of Perpetual, highlighted the importance of the support from the Minas Gerais government: “It is an honor to partner with Invest Minas to advance our lithium and rare earth projects. The support of the State Government is essential for us to move forward with confidence, and we are excited about the opportunities this collaboration will bring to Minas Gerais.", said.

Expansion and sustainable future

In addition to its current project, Perpetual Resources is exploring new land acquisitions and licenses that could expand its portfolio of critical minerals. This pursuit of expansion aligns with the company’s commitment to developing essential inputs for the sustainable energy sector.

The extraction of minerals such as lithium is considered a key point in the global energy transition strategy, as the mineral is essential for the production of batteries and other low-impact environmental technologies.

However, advancing this type of project may require overcoming regulatory and environmental challenges, given the complexity of the sector.

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Fabio Lucas Carvalho

Journalist specializing in a wide range of topics, such as technology, politics, shipbuilding, geopolitics, renewable energy and economics. I have been working since 2015 with prominent publications in major news portals. My degree in Information Technology Management from Faculdade de Petrolina (Facape) adds a unique technical perspective to my analyses and reports. With over 10 thousand articles published in renowned media outlets, I always seek to bring detailed information and relevant insights to the reader. For story suggestions or any questions, please contact me by email at flclucas@hotmail.com.

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