Brazil Hands Government Control Over Mining Deals ...Middle East

OILPRICE - Economy
Brazil Hands Government Control Over Mining Deals
source : OILPRICE ( Middle East ) () 34
Brazil's Congress passed a bill Wednesday letting the government block foreign takeovers of mining companies and scrutinize who gets access to the country's mineral reserves…the thing is, though...Brazil still can't turn its rare earth ore into a single magnet, and won't be able to for years. The Senate approved PL 2.780/2024 by voice vote, sending it to President Luiz Inácio Lula da Silva for signature. It creates a national policy on critical and strategic minerals, a guarantee fund starting at 2 billion reais, about $393 million,…

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