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The Mining Company Meteoric Resources Announced a Billion-Dollar Investment in a MegaProject in Caldas-MG. The MegaProject Promises to Transform Brazil into One of the Leaders in Rare Earth Exploration, Essential Resources for Cutting-Edge Technologies
Minas Gerais is emerging in the race for the “21st Century Gold”, as rare earths have been called, with three major projects totaling R$ 4.6 billion. The main MegaProject is that of the mining company Meteoric Resources, which will receive an investment of R$ 1 billion in Caldas-MG, where Viridis also plans another project of R$ 1.2 billion. Other investments include R$ 2.4 billion from Brazilian Terra Brasil and R$ 800 million from Mineração Serra Verde.
Everything About the Investment in the Rare Earth MegaProject in Brazilian Soil
According to Marcelo Carvalho, executive director of mining company Meteoric Resources, at a seminar at the end of October 2023, Brazil has the potential to meet 10% to 15% of the global rare earth market in the next ten years.
The mining company announced investments of R$ 1 billion over three years in the MegaProject in Caldas-MG and will have as a neighbor the also Australian Viridis Mining and Minerals, which has just purchased research and exploration rights for the city.
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Brazil extracts 26.3 million tons of ore from what was previously treated as waste, transforming residues into wealth, producing over 3 million tons of sand, and demonstrating how national mining is relearning to generate value.
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A $3.5 billion megaproject in Latin America pumps desalinated seawater at 1,050 liters per second over 194 km to keep a copper supermine in the Andes operational for another 20 years.
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A hidden mine in the Andes valued at nearly R$ 1 trillion is starting to attract global attention, containing copper, gold, and silver, and raises an intriguing question: why do Argentina and Chile need to act together to exploit this gigantic wealth?
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A silent discovery in the interior of Bahia could change the future of energy in Brazil: a uranium reserve in Lagoa Real has an estimated capacity to produce 400 tons per year and is already attracting the attention of energy sector specialists.
The announcement of the implementation of the company Meteoric was made in August of last year by Governor Romeu Zema, with the presence of Mayor Sérgio Azevedo, company directors, and representatives of the Australian government.
The exploration of rare earths in Brazil is expected to be more profitable than in China, the world leader in this type of mining. According to information from O Globo, the expectation is to extract 2.5 to 3 kg of rare earths per ton of clay, while in China, this ratio is 800g to 1 kg per ton of clay.
MegaProject in Caldas-MG Will Create Thousands of New Jobs
The clay from which the minerals are extracted is called ionic clay, in soils where, millions of years ago, volcanoes existed, like in Caldas-MG. In the city, besides rare earths, another legacy is the sulfuros waters, which attract tourists from all over the country for various medicinal and aesthetic treatments.
Brazil has the potential to meet 10% to 15% of global demand in the next ten years. The article from O Globo also highlights the statement of the municipal secretary of Economic Development and Labor, Franco Martins, who predicts a 50% increase in the municipality’s revenue in the next ten years and also the arrival of new companies in the region.
As mentioned earlier, the investment by Meteoric Resources in the MegaProject will be R$ 1.18 billion in the ionic clay extraction project. The expectation is to generate 700 jobs, and the investment includes, according to company information, 51 mining processes, and the company is expected to start extracting ionic clay in 2027. According to the Minas government, the company is still in the initial phases of studies and surveys in the area and hopes to begin operations at the production plant by 2026.
O progresso chegando este projeto gera renda para população e muito imposto acelera o turismo
Que grande entreguismo. Que absurdo. É muita exploração e de forma predatória e criminosa. Que danos a nossa natureza, a ecologia.
Daqui uns anos Minas Gerais terá um novo nome: Minas Não Mais.
Maravilha, primeiro sai a noticia que a Austrália encontrou em seu próprio solo a maior reserva de ferro do mundo..meses depois um investidor australiano que investir 1 bilhão no Brasil..nos poupe de mais uma exploração com o aval do governo onde nossas terras serão usurpadas, a riqueza será exportada a preço de ****, conte-nos uma novidade?