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Mining and Development Program Launched by the Government Presents More Than 100 Goals, Aiming to Define Guidelines for Brazil’s Mineral Sector
Yesterday (09/28), the federal government launched the Mining and Development program, which will address the sector in new areas, including indigenous issues. The document brings together the plan for goals and actions for the period from 2020 to 2023.Vale Begins Testing the First 100% Electric Locomotive in Brazilian Mining
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The initiative, which has been developed since last year with representatives from the sector, includes over one hundred goals in ten areas of concentration in mining for the period of 2020 to 2023.
The Minister of Mines and Energy, Bento Albuquerque, who was also present at the program launch ceremony alongside President Jair Bolsonaro, stated that Brazil is a mineral powerhouse and that mining can be the great driver of the country’s economic recovery. “Mining is one of the great forces of the Brazilian economy, an important vector of progress and synonymous with its development for the promotion of everyone’s well-being,” he said.
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The prospector who heard about the advance of soy in Maranhão and opened a grocery store in Balsas in 1986 transformed that small store into Grupo Mateus, the third largest supermarket in Brazil, with revenues of R$ 43.5 billion and 490 units.
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Fiserv, the world’s largest payment processor, has just inaugurated its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Fiserv, the world’s largest payment processor, has just opened its first factory outside Asia in Brazil. The unit in Betim (MG) will produce 100,000 Clover payment terminals per year and is part of a US$100 million investment that includes technology and expansion until 2027.
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Pix could become a headache between Brazil and the US, and the Lula government will go to the White House to explain the system before pressure mounts.
He claims that the Program, in addition to reflecting better results for the country’s economy, with more wealth and jobs, will place Brazil in a leading position. “Some issues addressed in the program reflect the necessary advancement for us to have a new scenario for mining activities and to place ourselves at the forefront, not only as producers of mineral inputs but also as holders of an innovative culture for the sector,” he concluded.
Mining Sector in Brazil
Only in July of this year, Brazil extracted 88 types of minerals from its subsoil, reflecting the broad and diverse mineral wealth the country possesses.
Iron ore, in the last eight months, ranked second in Brazil’s total exports, with US$ 14.2 billion. The Brazilian Mining Institute estimates that investments in new projects in the sector will reach US$ 37 billion by 2024.
About the Program
The Mining and Development Program features over 100 goals, divided into ten areas of thematic concentration, and aims to define guidelines for Brazil’s mineral sector. The areas of concentration that make up the program are:
- Qualifying Economic Knowledge About the Mineral Sector;
- Socio-Economic-Environmental Commitment in Mining;
- Expanding Geological Knowledge;
- Advancement of Mining in New Areas;
- Investment in the Mineral Sector;
- Selectivity of Actions for the Sector;
- Governance in Mining;
- Management and Efficiency;
To access the document with the main information about the Program, just click here.
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