started · updated
Brazil Senate approves national policy for critical and strategic minerals
The Brazilian Senate has approved the National Policy for Critical and Strategic Minerals (PNMCE), a legislative framework designed to bolster the country’s industrial sovereignty and reduce dependence on foreign technology. The policy focuses on increasing domestic processing and value addition for essential resources, including rare earths, which are vital for the energy transition, electric vehicles, and defense industries.
The plan includes significant financial incentives, totaling up to R$ 7 billion. This includes R$ 5 billion in tax credits intended for companies that process or recycle minerals within Brazil between 2030 and 2034. Additionally, the proposal establishes the Mineral Activity Guarantee Fund (FGAM), a private-natured fund where the Union may contribute up to R$ 2 billion to facilitate credit access for mining projects.
A new governance structure will be implemented, featuring a national council linked to the Presidency of the Republic. This council will be responsible for defining which minerals are considered strategic, with reviews occurring every four years. The legislation also grants the National Mining Agency (ANM) new authorities regarding auction priorities for strategic areas. The project now moves to President Luiz Inácio Lula da Silva for final sanction.
Entities
ABPM · BNDES · Brazil · Brazilian Senate · Eduardo Braga · Luiz Inácio Lula da Silva · Mineral Activity Guarantee Fund · National Mineral Policy for Critical and Strategic Minerals · National Mining Agency · National Policy for Critical and Strategic Minerals · Senate of Brazil
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Kaiser Reef has commenced underground diamond drilling at the Union Hill gold mine.
- [● 3 SOURCES] The underground drilling complements an ongoing 4350-metre surface drilling campaign.
- [● 3 SOURCES] The project includes a permitted and operating 200,000-tonne-per-annum processing plant at Porcupine Flats.
- [● 3 SOURCES] The Union Hill gold mine is part of the Maldon gold project in Victoria.
- [● 3 SOURCES] The Maldon gold project district has historically produced 1.75 million ounces of gold at an average grade of 28 grams per tonne.
- [● 3 SOURCES] The first phase of the drilling program targets the Linscott’s and Eaglehawk lodes, followed by the Ladies reef.
- [● 21 SOURCES] The Senate approved the project creating the National Policy for Critical and Strategic Minerals (PNMCE). www.metro1.com.br · sbtnews.sbt.com.br · www.congressoemfoco.com.br · es1.com.br · noticiabrasil.net.br · +16 more
- [● 21 SOURCES] The policy aims to increase domestic mineral processing and value addition. www.metro1.com.br · sbtnews.sbt.com.br · es1.com.br · noticiabrasil.net.br · oempallador.com.br · +16 more
- [● 2 SOURCES] BNDES estimates a requirement of R$ 5 billion to unlock critical and strategic mineral projects. www.metro1.com.br · www.brasilemfolhas.com.br
- [● 16 SOURCES] The proposal establishes the Mineral Activity Guarantee Fund (FGAM) to facilitate access to credit. www.metro1.com.br · es1.com.br · noticiabrasil.net.br · oempallador.com.br · www.congressoemfoco.com.br · +11 more
- [● 21 SOURCES] The approved text now moves to President Luiz Inácio Lula da Silva for sanction. www.metro1.com.br · sbtnews.sbt.com.br · www.congressoemfoco.com.br · es1.com.br · noticiabrasil.net.br · +16 more
- [● 6 SOURCES] Brazil holds approximately 21 million tons of rare earth reserves, the second largest globally. www.metro1.com.br · www.brasil247.com · www.metropoles.com · www.brasilemfolhas.com.br · atarde.com.br · +1 more