Council Expands Government Control over Critical Minerals
4 Articles
4 Articles
The bill (PL) that creates the National Policy on Critical and Strategic Minerals, approved on Wednesday (2) in the Senate, was praised by the mining companies that work in Brazil, but criticized by municipalities that are based on mining activities in the country. The text provides for up to R$ 7 billion in government incentives for projects related to these minerals. Among the novelties, is the creation of a fund to finance projects through pr…
Text approved by the Senate creates collegiate with the power to veto operations between miners and limit foreign influence. Read on Power360.
For Beto Faro, the country needs to overcome the raw material export model and transform strategic reserves into industry, technology and development The post Critical minerals: Brazil's new race for economic power appeared first in PT in the Senate.
Large miners see text as possible consent, while smaller companies and mineral research fear legal uncertainty; regulation will be new arena of dispute
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