Billion-Dollar Mega Project in Caldas-MG Puts Brazil on the World Map for Rare Earths: Australian Mining Company Announces Investment of R$ 1.1 Billion!

Written by Valdemar Medeiros

Published on 04/02/2025 at 10:56

Updated on 05/02/2025 at 13:06

Foto gerada por IA

16 people reacted to this.

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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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.

Brazil has a colossal limestone mine with a capacity of 1.8 million tons per year, consolidating itself among the largest producers in the world

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.

7 Comments

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Edna Aparecida Barbosa

#128172

04/03/2025 20:09

O progresso chegando este projeto gera renda para população e muito imposto acelera o turismo

Respond

Anacleto G. Pimenta

#122879

06/02/2025 02:19

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.

-2

Respond

Yara Eloisa Tozi

#122872

05/02/2025 23:46

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?

-1

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Billion-Dollar Mega Project in Caldas-MG Puts Brazil on the World Map for Rare Earths: Australian Mining Company Announces Investment of R$ 1.1 Billion!

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

Everything About the Investment in the Rare Earth MegaProject in Brazilian Soil

MegaProject in Caldas-MG Will Create Thousands of New Jobs

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Billion-Dollar Mega Project in Caldas-MG Puts Brazil on the World Map for Rare Earths: Australian Mining Company Announces Investment of R$ 1.1 Billion!

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

Everything About the Investment in the Rare Earth MegaProject in Brazilian Soil

MegaProject in Caldas-MG Will Create Thousands of New Jobs

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

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