International Mining Companies Want to Invest in Brazil and Make the Country a Benchmark in Mineral Exploration

Written by Valdemar Medeiros

Published on 11/03/2021 at 11:47

Minério de ferro Vale – fonte: Site da Vale

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Difficulty of Access to Lands for Mineral Exploration in Brazilian Mining Are One of the Main Factors That Hinder Investments

The mining and metals sectors are currently facing a period of significant challenges, particularly regarding the development and adoption of new technologies and investments to reduce the environmental and social impacts caused by mining, metallurgy, and mineral exploration.

Mineral Exploration Indicates Positive Performance

The Brazilian mineral exploration industry had the best performance among economic sectors during the pandemic, with growth across all states, beyond iron ore producers. During this period, exports increased by 11% and reached R$ 37 billion, with 371 million tons shipped. The trade balance grew by 28% with a surplus of US$ 32 million.

Beyond the economic weight of the activity, the federal government also established the Mining and Development Plan (PMD) in 2020, which aims to enhance activity in the country through 10 plans and 110 goals covering various aspects of the mineral agenda, effective between 2020 and 2023.

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International Companies Want to Invest in the Brazilian Mining Market

“Just like my company, many others suffer from one of the biggest obstacles that hinder mass investments in mining: the licensing process,” stated the CEO of Oz Minerals Brazil, Carlos Gonzales.

Most of the time, it is much easier and less bureaucratic to operate in the mining sector in Australia and Canada than in Brazil; the burdensome licensing process is very slow and discouraging,” highlighted the CEO of Appian Capital Brazil, a UK private investment firm focused on mining projects, Paulo Castellari.

International Mining Companies Want to Invest in Brazil and Make the Country a Benchmark in Mineral Exploration

Difficulty of Access to Lands for Mineral Exploration in Brazilian Mining Are One of the Main Factors That Hinder Investments

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